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Which Group Is Incorrect

question 32

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Which group is incorrect?


Definitions:

Inflation Rate

A rise in the cost of goods and services in an economy, expressed as a percentage over a certain time frame.

Rate of Inflation

The Rate of Inflation signifies the percentage increase in the general price level of goods and services in an economy over a period of time, leading to a decrease in purchasing power.

Imported Goods

Products brought into one country from another for the purpose of sale.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, intended to indicate the cost of living.

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