Question

what do you mean by sacrifice ratio?(Answer in one sentence) ​

Answer 1

Answer:

The sacrifice ratio is an economic ratio that measures the effect of rising and falling inflation on a country's total production and output. ... The sacrifice ratio is calculated by taking the cost of lost production and dividing it by the percentage change in inflation.

Answer 2

Answer:

The sacrifice ratio is an economic ratio that measures the effect of rising and falling inflation on a country's total production and output.