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Why price control system cannot be use as a measure to check inflation in Nigeria?
Wiki User
∙ 11y ago
no
Wiki User
∙ 11y ago
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Inflation is most harmful to?
Inflation is the most harmful to those that cannot afford it. Since it can cause people to lose money, it can be devastating to individuals and businesses that already have little money.
Could you tell me some points on Inflation rate its advantage and disadvantage?
Inflation rate of a country is the rate at which the price of essential commodities in a country is increasing. There is no specific advantage of Inflation, but all country's need to have inflation. If prices of commodities do not go up, then the country's economy is said to be in a stand still. An inflation rate of around 5% is considered a healthy inflation rate and it represents an economy that is growing at a steady pace Disadvantages: When the inflation of a country goes beyond control say for example 10% or more then it has a lot of ill effects on the country & its citizens 1. The spending power of the common man comes down 2. Essential commodities prices shoot up and people cannot afford things like food, clothing & shelter etc...
What is weak economy?
An economy that cannot balance its trade, a consumer economy instead of a producer economy, with lower GDP,high level of unemployement and inflation, that cannot service its debt, weak financial institutions and deficits.
How can automobiles be used to measure a country's standard of living?
No we cannot measure the living standard of any country through the use of automobiles.
What is the effect of inflation on GDP?
The increase in GDP over time has two components -- real growth in economic activity, and inflation. Inflation affects GDP because GDP is measured in dollars (or some other country's currency as appropriate), therefore dollar-inflation by itself would cause an apparent increase in GDP. Economists generally correct for inflation and discuss "real GDP" when talking about economic growth. Nominal GDP is the number we "see" and count every quarter, and it's then corrected for inflation to arrive at real GDP growth, which is then reported by the government. But nevertheless, inflation alone makes the nominal GDP grow even without real growth. I.e., if you were to pull out a news article reporting the GDP from 10 or 15 years ago, the stated number would be so much lower than now, that REAL economic growth cannot account for the increase between now and then. Much of the increase is due to inflation, because that report would be reporting the GDP then, based on that era's dollar-values. - by Spotty j from yahoo . I did not make this up. the credit for this goes to spotty j Your question needs elaboration because inflation does not necessarily affect GDP. Inflation is the measure of a sustained increase in prices over a long period of time. GDP is the amount of the market value of all final goods and services produced within a country in a given period of time: GDP = consumption + investment + government spending + (exports − imports). Attached is a link to the Federal Reserve Bank which illustrates in easy terms how inflation works in the overall economy. As Yahoo questions go, this is intense stuff! Maybe you should try People Magazine to pique your interests.
Why did the US government decide to create inflation?
The question cannot be answered because it gives no time frame. Plus, another factor in inflation is that many times inflation cannot be held under control.
Can you use rand in Nigeria?
No you cannot. The legal tender in Nigeria is the Naira. However, you can exchange the Rand for Naira at Bureau de Changes in Nigeria and at the Airport on arrival. Hope this answers you question.
Can I change my last name before my divorce is final in Nigeria?
No you cannot change your last name before the divorce is finalized even in Nigeria.
Inflation is most harmful to?
Inflation is the most harmful to those that cannot afford it. Since it can cause people to lose money, it can be devastating to individuals and businesses that already have little money.
Could you tell me some points on Inflation rate its advantage and disadvantage?
Inflation rate of a country is the rate at which the price of essential commodities in a country is increasing. There is no specific advantage of Inflation, but all country's need to have inflation. If prices of commodities do not go up, then the country's economy is said to be in a stand still. An inflation rate of around 5% is considered a healthy inflation rate and it represents an economy that is growing at a steady pace Disadvantages: When the inflation of a country goes beyond control say for example 10% or more then it has a lot of ill effects on the country & its citizens 1. The spending power of the common man comes down 2. Essential commodities prices shoot up and people cannot afford things like food, clothing & shelter etc...
Can you control a cyclone?
No. You cannot control the weather.
Can you control your heredity?
no we cannot control heredity .
How man can control sperms?
You cannot control sperm
What is 450 ml in to gram?
This cannot be sensibly answered. Milliliters (mL or ml) is a measure of volume, grams is a measure of weight or mass.This cannot be sensibly answered. Milliliters (mL or ml) is a measure of volume, grams is a measure of weight or mass.This cannot be sensibly answered. Milliliters (mL or ml) is a measure of volume, grams is a measure of weight or mass.This cannot be sensibly answered. Milliliters (mL or ml) is a measure of volume, grams is a measure of weight or mass.This cannot be sensibly answered. Milliliters (mL or ml) is a measure of volume, grams is a measure of weight or mass.This cannot be sensibly answered. Milliliters (mL or ml) is a measure of volume, grams is a measure of weight or mass.
Can gun control work?
The thing people need to realise about so-called gun control is that it does not equate to crime control. If it's being imposed for the sake of a political agenda, it can certainly work to a political aim. If it's being imposed as a feel good measure - a substitute for actual crime deterrence and control - it cannot.
What are Physical quantities?
They are properties that you can measure and be verified by another party. Usually, standards are available to eliminate any difference in measurement methods and definitions. For example, we can measure length, speed, weight, humidity, temperature, and time, with certainty. Those are physical quantities. Contrarily, we cannot measure inflation rate, hunger, pain, etc. with certainty. In short they are quantities that can be measured.
Can you measure a line even though it goes on forever?
You cannot measure its length but you can measure its slope and intercepts.
