Economics 0455 · IGCSE · Inflation and deflation

Inflation and deflation — practice question

In what way is the rate of inflation measured?

  • Aby calculating the change in the price of goods and services from one year to the next
  • Bby calculating the real value of all output of goods and services in an economy
  • Cby calculating the total number of people willing and able to work but cannot find work
  • Dby calculating the total value of exports minus the total value of imports

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