Examlex
When the RCMP arrests a large number of marijuana dealers, we expect the street price of marijuana to rise.
Inflation
The tempo at which the aggregate cost of goods and services ascends, depleting the power of purchase.
Nominal Wage
Nominal Wage refers to the amount of money paid to workers in current dollars, without adjusting for inflation or purchasing power.
Real Wage
The purchasing power of an individual's earnings, considering inflation, reflecting the actual goods and services that wages can buy.
Labor Productivity
An indicator of economic efficiency that assesses the volume of goods and services generated (output) in relation to the total labor hours expended in their production.
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