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When capable of concrete operational thought,children
CPI
The 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, typically used to assess changes in the cost of living.
Standard of Living
The extent of financial well-being, luxury, material objects, and fundamental requirements available to an identified socioeconomic class or geographical zone.
CPI
This index measures the average prices across a specified set of consumer goods and services, weighted accordingly, to serve as a benchmark for inflation, known as the Consumer Price Index.
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, used to estimate the economy's inflation rate.
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