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What is a boom in productivity?

a. the amount of product tax increase

c. the amount of product sold increased

b. the amount of product produced increased

d. the amount of product exported increased

2 Answers

5 votes

Answer:

c.

the amount of product sold increased

Step-by-step explanation:

Understanding Cost-Push Inflation

The most common cause of cost-push inflation starts with an increase in the cost of production, which may be expected or unexpected. For example, the cost of raw materials or inventory used in production might increase, leading to higher costs.

Inflation is a measure of the rate of price increases in an economy for a basket of selected goods and services. Inflation can erode a consumer's purchasing power if wages haven't increased enough or kept up with rising prices. If a company's production costs rise, the company's executive management might try to pass the additional costs onto consumers by raising the prices for their products. If the company doesn't raise prices, while production costs increase, the company's profits will decrease.

User Baldrs
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c. the amount of product sold increased

Hope I was of assistance!

~ Fire
User Ysia
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