Examlex
The consumer price index was 120 in 2013 and 126 in 2014.The nominal interest rate during this period was 8 percent.What was the real interest rate during this period?
Consumer Confidence Index
A measure of the overall degree of confidence individuals have in the economic situation and their personal financial situation.
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.
Discretionary Income
The amount of an individual's income left for spending, investing, or saving after taxes and personal necessities (like food and shelter) are taken care of.
Necessities
Essential items required for living, such as food, clothing, and shelter.
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