A sustained rise in the prices of commodities that leads to a fall in the purchasing power of a nation is called inflation. Although inflation is part of the normal economic phenomena of any country‚ any increase in inflation above a predetermined level is a cause of concern. High levels of inflation distort economic performance‚ making it mandatory to identify the causing factors. Several internal and external factors‚ such as the printing of more money by the government‚ a rise in production
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Unit 6 - Inflation & Economic Growth Inflation As prices for goods and services that we consume increase‚ inflation is the result. The inflation rate is used to measure the rate of change in the overall price level of goods and services that we typically consume. While inflation is a regular annual occurrence in modern economic systems‚ it only becomes a policy concern when reaching unacceptably high levels. As we shall see‚ many modern economic policymakers have developed a short fuse for
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Inflation in Bolivia is at 7.18%‚ making the country fourth among the countries of its region. The cost of food products increased the most and‚ according to analyses‚ the ever growing demand from China and low production due to climactic conditions also influenced these annual numbers (Prensa‚ 2011).International analysts point at the Bolivian gasolinazo as the factor that increased inflation to 7.18%‚ way above the country’s initial inflation rate of 4.5% at the beginning of the year 2010 (Prensa
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Vietnam faces more price hikes despite inflation woes Vietnam’s government is set to raise electricity prices by 15% on Tuesday‚ at a time when the population is already struggling with a soaring cost of living. Last week the Vietnamese government also raised the retail prices of oil products by as much as 24%. In February‚ inflation hit a two-year high of 12.31%. Analysts say despite the government’s measures to tighten monetary policy‚ price pressures are likely to continue. "The increases
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1. Describe the trends in unemployment and inflation The number of people out of work fell by 14‚000 to 2.5 million in the three months to December 2012 (ONS).The unemployment rate was 7.8%‚ of the economically active population‚ down 0.1% on July to September 2012. A few months after the start of the recession in 2008‚ unemployment started to rise sharply. When the global financial crisis hit‚ the unemployment rate was a little over 5% or 1.6 million. Towards the end of 2009‚ with the UK coming
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As the article “China’s Wen says country must control inflation” said‚ there is high inflation in China. Inflation is defined as a persistent increase in the average price level in the economy‚ usually measured through the calculation of a consumer price index. (IB economics—Blink & Dorton) In China‚ the foods prices are increasing every year –compared to last September consumer prices rose 6.1%‚ but output of foods didn’t increase at all‚ which means the cost of production is increasing because
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Inflation is defined as a sustained increase in the general level of prices which results in a decline in the purchasing power of money. Inflation is measured through the Consumer Price Index (CPI) which measures proportional changes in prices in a representative “basket” of g’n’s‚ weighted according to their importance in a typical Australian households budget. The RBA aims to keep inflation at an annual rate of 2-3%‚ and in order to do this a number of policies are available for the Australian
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Many colleges were involved in grade inflation; but the schools with the most evidence of this action are the Ivy League schools. Two of the schools in the Ivy League program that are known for this practice are Harvard and Princeton in a study conducted by the American Academy of Arts and Sciences “in 1966‚ twenty two percent of Harvard undergraduate students earned A’s. By 1996‚ that figure rose to forty-six percent. That same year eighty-two percent of Harvard seniors graduated with honors.”
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PESTEL analysis of Indonesia | October 3 2009 | SUBMITTED TO: MR. SUNDERASAN SUBMITTED BY: Hitesh GoyalNirupan ChakravarthiSainath.V MBA 12 and PGPRM-9 | | Introduction: Indonesia is one of the largest countries in South-east Asia‚ between the Indian Ocean and the Pacific Ocean which contain mainly mountainous and covered with rain forests‚ swamps and consists over 13000 islands. Jakarta is the capital of Indonesia. Indonesia declared its independence on 17th August 1945 from Japan but
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Peter Gi English 93 Heroes Inflation What are heroes? more specifically what is an hero to you? In the article Hero Inflation written by Nicholas Thompson‚ he describes and tells those in America that the word hero today isn’t what it used to be. Traditionally‚ in the past hero was looked up as doing a heroic act‚ not required of them to do so. That the word itself‚ and what people describe it to be today is lowered‚ that we “cheapen the word in some ways‚ the exploits of people who have
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