Question

What is inflation?
A.
The value of the products and services produced in a country
B.
The growth in value of a company
C.
When the value of a dollar goes down, so you can't get as many products or services for your dollar
D.
When spending power increases, so that people can afford more products or services than before


Please select the best answer from the choices provided

A
B
C
D

Answer 1

C

Inflation is a general rise in prices, which means the purchasing power of a dollar falls and you can buy fewer goods and services with the same amount.