Examlex
The testable,tentative explanations scientists use to explain events are called
Base Year
A specific year against which economic growth is measured, serving as a standard point of comparison for real economic calculations such as GDP.
Consumer Price Index
An index that measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Annual Rate
A way of expressing interest rates or growth rates on an annual basis, allowing for easier comparison across different time periods or financial products.
Inflation
The pace at which prices for general goods and services escalate, causing a decline in buying power.
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