Question

Inflation is a macroeconomic measure that describes:
A. the percentage of people who are looking for a job but cannot find
one.
B. the total value of goods and services a country produces in a year.
C. the increase in prices of consumer goods over a period of time.
D. the value of the goods produced in a country divided by its
population.

Answer 1

(C) The increase in prices of consumer goods over a period of time.

Answer 2

Answer:

C ...

Explanation:

Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.