Answer to Question #128102 in Macroeconomics for Naafu Peter

Question

Q1. Critically analyse how an increase in wages can lead to cost-push inflation as well as demand-pull inflation

Q2.

The per capita income in Ghana and Nigeria for the year 2019 are 4605 and 5927 dollars respectively. Discuss the flaws of using these figures to suggests that the welfare of people living in Nigeria is better than

those living in Ghana.

Answer 1

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