Examlex
Use the distance formula to find the length of the line segment. (Gridlines are spaced one unit apart.)
Base Year
A specific year chosen as a point of reference or benchmark in economic indices and other comparisons, with values in other years often expressed relative to this base.
Inflation Rate
How fast prices for goods and services overall go up, causing the value of money to go down.
Real Price
The price of a good or service after adjusting for inflation, reflecting the true purchasing power.
CPI
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.
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