Examlex
If the wage rate is $20 per hour and the price level is 2, then the real wage is $40 per hour.
Financial Assets
Economic resources or assets that are paper-based, including stocks, bonds, bank deposits, and other investments.
Monetary Value
The value of a good or service determined by the amount of money that it can be traded or sold for in a market.
Demographic Characteristics
Refers to the statistical data of a population that include age, race, gender, income, migration patterns, and population growth.
Poverty Rate
The percentage of the population living below the national poverty line, reflecting those who cannot meet basic needs for food, shelter, and clothing.
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