Examlex
You are given the problem of building a structure that can support an overcoat in the middle of a room and are given only two long sticks and a clamp to work with. You are more likely to solve this problem if you first thought of how pole lamps are wedged between floor and ceiling. Using your previous knowledge of pole lamps to solve the coat rack problem is an example of
Human Development Index
An index measuring three basic dimensions of human development: life expectancy, education, and per capita income indicators, used to rank countries into tiers of human development.
Purchasing Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach, to assess the relative value of the currencies and the cost of living.
Consumer Price Index
An index measuring the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Reserve Requirement
The minimum amount of funds that a bank must hold in reserve against deposits, as mandated by central banking authorities.
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