Question

Q19.How the inflationary rate calculate.
Q20.What does a rightward shift of production possibility curve indicate?
Q21.Why does economic problem arises?
Q22. Why do all economies have similar central problems? ​

Answer 1

Answer:

1. Economic problem arises from scarcity of resource . Every economy faces scarcity of resources because their wants are unlimited and their resources (means) are limited. Therefore, economic problem is the problem of economising scarce resources. It means making the best use of the available resources
3. Plug your numbers into the inflation rate formulaSubtract the past date CPI from the current date CPI and divide your answer by the past date CPI. Afterward, multiply the results by 100 to get a percentage. Your answer will be the inflation rate you're interested