Examlex
Which of the following statements is FALSE?
Consumer Price Index
A measure of the average change in prices over time that consumers pay for a basket of goods and services.
Salary Equivalent
The equivalent annual salary amount for non-standard work arrangements when comparing to a full-time salary rate.
Price Index
A measure showing how prices change over time for a fixed basket of products, used to monitor inflation or deflation.
Current Year Income
The total amount of money earned by an individual or entity within the current calendar year.
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