The rate of continuous rise in the prices of goods and services is called…………..
a) inflation
b) stagflation
c) deflation
d) none of these
The main reason of inflation is the devaluation of………
a) security
b) political system
c) currency
d) none of these
Value of currency is obtained from the worth of goods and services which is called……
a) Global Demand for Production
b) Global Petroleum Corporation
c) Gross Domestic Product
d) General Demand for Production
What is the function of the GDP deflator?
a) It is a measure of inflation which evaluates the entire range of goods and services produced in the economy.
b) It shows real GDP growth on the basis of current production.
c) The GDP deflator is in real terms while the CPI is in nominal terms
d) None of these
The production charges of a prouct is called….
a) cost
b) tax
c) scarcity
d) none of these
The intention to purchase and purchasing power is
called……….
a) loan
b) demand
c) taxes
d) none of these
