Examlex
What is the purpose of evaluating the project's MOV?
Standard of Living
The degree of prosperity, amenities, tangible assets, and basic needs accessible to an individual, community, or country.
Consumer Price Index
A tool that measures the typical fluctuation across time in the costs faced by urban shoppers for a specified mix of consumer goods and services.
GDP Deflator
A measure of the price level of all new, domestically produced, final goods and services in an economy, used to adjust nominal GDP to real GDP.
Substitution Bias
A distortion in the Consumer Price Index due to changes in consumer purchase behavior or product substitutions.
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