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Question

Which of the following is the correct explanation for inflation in India?


A

Low rate of production and high population growth

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B

High rate of production and high population growth

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C

High rate of production and low population growth

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D

Low rate of production and low population growth ​​​​​​​

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Solution

The correct option is A

Low rate of production and high population growth


Owing to low rate of production and high population growth, less developed economies like India experience a situation of persistent rise in prices. This leads to inflation.


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