"Social Inflation" Means a Person Can Collect Additional Damages After

question 54

True/False

"Social inflation" means a person can collect additional damages after the original judgment because costs increase (as reflected by the Consumer Price Index).

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Definitions:

Mean

The arithmetic average of a set of numbers, calculated by adding them up and dividing by the number of figures.

Mean

The average value in a set of numbers, calculated by dividing the sum of all values by the count of those values.

Set of Data

A collection of related pieces of information, often numerical, that are used for analysis.

Mathematical Average

Another term for mean, referring to the central value of a discrete set of numbers, specifically the sum of the values divided by the number of values.