Which of the Following Is NOT a Cost of Inflation

question 38

Multiple Choice

Which of the following is NOT a cost of inflation?

• A)unemployment cost
• B)uncertainty cost
• C)confusion cost
• D)tax cost
• E)shoe-leather cost

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Definitions:

Per Capita Incomes

The average income earned per person in a certain area or country, calculated by dividing the area's total income by its population.

Birth Rates

The average number of births per 1,000 people in a given population during a specific period of time.

Demographic Transition

The transition from high birth and death rates to lower birth and death rates as a country or region develops from a pre-industrial to an industrialized economic system.

Population Growth

An increase in the number of individuals in a population over a specific period of time.