What to Keep. After all creditors, taxing authorities and beneficiaries of the estate have been paid, the estate may be closed. How long the process of closing an estate will take varies from case to case. Generally, anyone making a claim against the estate must do so within a specified time frame.
Consumer surplus (Graph illustrating consumer (red) and producer (blue) surpluses on a supply and demand chart) Consumer surplus or Consumer's surplus (or in the plural Consumers' surplus) is the difference between the price consumers are willing to pay (or reservation price) and the actual price. If someone is willing to pay more than the actual price, their benefit in a transaction is how much they saved when they didn't pay that price.
the GDP deflator understates inflation. The CPI assumes that consumers will purchase the same basket of goods from year to year, but in reality, if consumers substitute cheaper goods for those that have risen in price, the total cost of living will rise by a smaller amount than is predicted by the CPI. The CPI therefore overstates inflation.