When people's incomes increase more slowly than the inflation rate, their purchasing power declines.
Standard detail
2.
Benchmark
Depth 1Parent ID: 8C77E87044784B77BE393C7C0E9F099FStandard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 2.
- List ID
- 2.
- Standard ID
- E10E7DB8967A4AEC925D26212E2C2E84
- ASN identifier
- S2604869
- Subject
- Economics
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- 8C77E87044784B77BE393C7C0E9F099F
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US