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CPI
CPI Q's & A's Measures changes in the price level of consumer goods and services purchased by households. -
Service
The action of helping or doing work for someone. -
Goods
An economic good is a physical object or service that has value to people and can be sold for a non-negative price in the marketplace. -
Inflation
Inflation Q's & A's
A general increase in prices and fall in the purchasing value of money. -
Interest
Charge for the use of credit or money, usually figured as a percentage of the principal and computed annually. Simple interest is computed annually on the principal. Compound interest, paid by some savings banks, computes the interest on the principal as well as on any previous interest that has been added to the principal. -
