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Which of the following terms refers to a lump-sum payment given to employees as a reward for moving from one assignment to another?
Consumer Price Index
The Consumer Price Index measures the average change over time in the prices paid by consumers for a basket of goods and services.
Base Year
Base year is a specific year against which economic growth or other market indices are measured, serving as a standard or reference point for economic analysis.
CPI
The Consumer Price Index reflects the weighted average price changes in a variety of consumer goods and services, such as medical services, food, and transportation.
Goods and Services
Physical products (goods) and intangible assistance or benefits (services) produced to satisfy the wants and needs of consumers.
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