Solved

What Does It Mean If the Annual Inflation Rate in a Country

Question 136

Multiple Choice

What does it mean if the annual inflation rate in a country was 8.1 percent?


A) The people experienced demand-push inflation.
B) The people saw a decline in gross domestic product (GDP) .
C) The people saw their purchasing power increase from what it was in the previous year.
D) The people saw their purchasing power decrease from what it was in the previous year.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions