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Q1: How to measure inflation? Give example

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Q1: How to measure inflation? Give example

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Q2: Give 5 criteria of living standards.

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Q2: Give 5 criteria of living standards.

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Q3: List 3 countries with worst living standards and 3 countries with best living standards

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Q3: List 3 countries with worst living standards and 3 countries with best living standards

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Q4: Who are affected/lose from inflation? Why?

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Q4: Who are affected/lose from inflation? Why?

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Q3: the 3 worst living countries are:
Niger (nai juh), Central African Republic, South Sudan.
3 best countries are:
Canada, Denmark, Sweden

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Q5: Name 2 ways a business gains competitive advantage.

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Q5: Name 2 ways a business gains competitive advantage.

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Q1: Inflation is measured by calculating the change in prices on a yearly basis.  -Jason

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Q1: Inflation is measured by calculating the change in prices on a yearly basis.  -Jason

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Education
Safety
Work Life Balance
Wealth
Job availability
-Khoa Bui

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Q1: You can measure inflation by determining changes in Price Index Numbers

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Q1: You can measure inflation by determining changes in Price Index Numbers

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Aidan

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- Rapid growth of population.
- Lack of education.

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2 ways to gain competitive advantage - Aidan

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2 ways to gain competitive advantage - Aidan

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cost leadership

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2 ways to gain competitive advantage - Jason

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2 ways to gain competitive advantage - Jason

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Selling the same things but with lower price.
Providing better benefits than others.

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Slow economic growth - Zara