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?
Answers
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Answer:
- 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
- The rightward shift of PPC indicates growth of resources or technological progress.
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