Date: ___________________
Question No 1:
Write an article on Measurement of Inflation (Minimum500 words)
Inflation is measured in percentage which is obtained by calculating the change in percentage of current price index over the previous one. The price index is developed by carrying out a survey on costs of a number of goods and services that comprise the economy. These goods and services are put together into what is known as ‘market basket’. The cost of identical market basket today is compared to the cost of identical basket in the previous year or a base year in order to determine the rate of inflation Here are four ways to measure it:
Share with your friends: | 
