What is responsible for a rise in general price levels of goods and services in a nation’s economy?

A Inflation
B Deflation
C Reflation
D Stagflation

Correct Answer: Inflation

Inflation is responsible for a rise in general price levels of goods and services in a nation’s economy. Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over a period of time. It is the constant rise in the general level of prices where a unit of currency buys less than it did in prior periods.
Bissoy MCQ
#Commerce #Insurance

Related Questions

During a sale, a salesperson was putting a new price tag on each item. On one shirt, he accidentally raised the price by 15% instead of lowering the price by 15%. As a result the price on the tag was Tk. 60 higher than the price that would have been the discounted price. What was the original price of the shirt?
A Tk. 220
B Tk. 250
C Tk. 150
D Tk. 200
Mr. A obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exempted goods/services to taxable goods/services. He can avail credit on inputs lying in stock. What is the time limit for taking said credit
A 1 year from the date of invoice
B 3 year from the date of invoice
C 5 year from the date of invoice
D None of the above
A delivery car went from Candleford to Lark Rise and back at an average speed of23 miles per hour. If the distance from Candleford to Lark Rise is 1 mile, and the trip back too half as much time as the trip there, what was the average speed of the delivery car on the way to Lark Rise?
A 13
B 34
C 12
D 23
A delivery cart went from Candle ford to Lark Rise and back at an average speed of 2/3 miles per hour. If the distance from Candle ford to Lark Rise is 1 mile, and the trip back took half as much time as the trip there, what was the average speed of the delivery cart on the way to Lark Rise?
A 1/3
B 3/4
C 1/2
D 2/3
The price of a pen is 25% more than the price of a book . The Price of a pen holder is 50% more than the price of the book. How much is the price of the pen holder more than the price of the pen?
A 50%
B 25%
C 20%
D 37.5
The price of a pen is 25% more than the price of a book. The price of a pen holder is 50% more than the price of the book. How much is the price of the pen holder more than the price of the pen?
A 20%
B 25%
C 50%
D 37.5%
The price of a pen is 25% more than the price of a book. The price of a fan holder is 50% more than the price of the book. How much is the price of the pen holder more than the price of the pen?
A 20 %
B 25%
C 35%
D 15%
During a sale, the price of a pair of shoes is marked down by 10% from the regular price. After the sale ends, the price goes back to the original price. What is the percent increase (to the nearest whole number) form the discounted sale price to the regular price for the shoes?
A 9%
B 10%
C 11%
D 15%
At a certain bookstore , the regular price of each book is 20 percent less than its list price. If during a sale the price of each book at the store was 15 percent less than its regular price, then the price of a book during the sale was what percent less than its list price ?
A 30%
B 32%
C 35%
D 38%
Attention is most often focused on net exports because that figure measures the net effect of a nation's trade in goods and services with the rest of the world . In 2000, net exports were 5.8% of GNP and in 2005, they were 6.8% . If the information above
A Exports were greater than imports in 2005, but not in 2000.
B Exports increased from 2000 to 2005
C In 2005, the increased in Exports was nearly double of that in 2000.
D In 2000, net exports were gerater than in 2005.

Next steps