Examlex
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Base Year
A specific year against which economic growth, prices, or other data are measured and compared in terms of indices or other statistical measurements.
Basket Of Goods
A collection of products or services considered representative for purposes of measuring inflation or cost of living.
Base Year
A specific year against which economic or financial data is compared to measure changes and trends over time.
Price
The amount of money required to purchase a good, service, or asset.
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