Examlex
What did the Sumerians use to produce cuneiform writing?
Basket Of Goods
A set of products and services, considered a representative sample, used to measure the change in overall price levels over time, such as in the calculation of inflation.
Purchasing-Power Parity
An economic theory that states that the exchange rate between two currencies is equal to the ratio of the currencies' respective purchasing powers.
Inflation
A rise in the general level of prices of goods and services in an economy over a period of time, eroding purchasing power.
Depreciate
A decrease in the value of an asset over time, often due to wear and tear or obsolescence.
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