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.

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Definitions:

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