| A | B |
|---|
| Price Index | Measures changes in prices over time |
| Market Basket | Bunch of goods used to compare prices |
| Base Year | The year you're comparing new prices to |
| Consumer Price Index | Compares price changes in things we buy |
| Producer Price Index | Compares changes in prices businesses charge |
| Deflate | Make smaller (Let the air out) |
| GDP Deflator | It's used to take the inflation out of GDP |
| GDP or Current GDP | GDP which includes effects of inflation |
| Real GDP | GDP after inflation's effects are removed |
