If, indeed, a price-level component could be distinguished, then it would be possible to measure the difference in overall prices between two regions or intervals. For example, the inflation rate could be measured as
and “real” economic growth or contraction could be distinguished from mere price changes by deflating GDP or some other measure.
Read more about this topic: Price Level
Other articles related to "significance":
... The significance of projects seeking funding can be divided into four categories theoretical, methodological, applied, or social ... A project with an applied significance provides answers to real-world problems ... Projects that provide society with something useful and valuable have social significance ...
... Uxbridge Historic Significance Architecture/Engineering Architect, builder, or engineer Cutting,Carlton Cutting Architectural Style Italianate, Colonial Revival Area of Significance Architecture Period of ...
... According to the theories prevailing at the time, light traveling through a moving medium would be dragged along by the medium, so the measured speed of the light would be a simple sum of its speed through the medium plus the speed of the medium ... Fizeau indeed detected a dragging effect, but the magnitude of the effect that he observed was far lower than expected ...
Significance can refer to: with purpose and importance
- In semiotics, the meaning assigned to a sign
- Significance (magazine), a magazine published by the Royal Statistical Society and the American Statistical Association
- Significance (policy debate), a stock issue in policy debate
- Significant figures or significant digits, the precision of a numerical value
- Statistical significance, the extent to which a result is unlikely to be due to chance alone
... kaupina vantah kalu bagyavantah “ ” Sri Shankaracharya It has religious significance attached to asceticism for the Hindus ... composed a verse called Kaupina Panchakam to assert the significance of asceticism ...
Famous quotes containing the word significance:
“Politics is not an end, but a means. It is not a product, but a process. It is the art of government. Like other values it has its counterfeits. So much emphasis has been placed upon the false that the significance of the true has been obscured and politics has come to convey the meaning of crafty and cunning selfishness, instead of candid and sincere service.”
—Calvin Coolidge (18721933)
“I am not afraid that I shall exaggerate the value and significance of life, but that I shall not be up to the occasion which it is.”
—Henry David Thoreau (18171862)
“History is the interpretation of the significance that the past has for us.”
—Johan Huizinga (18721945)