MBAE-103: Managerial Economics – Unit 13
Objectives: explain the concept of inflation; explain how inflation is measured; disntiguish between various types of price indices to measure inflation; and identify the types of inflation.
Materials:
The relevant material is available here.
Questions:
- If a country is experiencing inflation, the change in nominal national product will …………………………..
- Distinguish between wholesale price index and consumer price index.
- Briefly discuss the various types of inflation.