Examlex
Greg J. Duncan and a team of researchers analyzed the effect of parental income on the academic achievement of children. Given what you've read about socioeconomic status and life chances, what do you think Duncan found?
Typical Family
A standard or average family unit, often used in statistical analyses to represent an average household.
Standard Of Living
The degree of wealth, comfort, material goods, and necessities available to an individual, group, or society.
Inflation Rate
The rate expressed as a percentage at which the average price level of goods and services increases, leading to a decrease in purchasing power.
CPI
A rephrased definition for Consumer Price Index, which tracks changes in the price level of a market basket of consumer goods and services purchased by households.
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