An Inflationary Gap Will Eliminate Itself Through a Process of Price

question 90

True/False

An inflationary gap will eliminate itself through a process of price increases.

---

Definitions:

GNI Per Capita

Gross National Income per capita is a measure dividing the country's GNI by its population, providing an average economic income per person.

Purchasing Power

The quantity and quality of goods and services that can be bought with a unit of currency.

Birth Rates

The number of live births per thousand of the population per year, a key demographic indicator.

Developing Countries

are nations with lower levels of socioeconomic development, characterized by lower income, less industrialization, and poorer health and educational statuses.