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If the inflation rate increases faster than their income, people will most likely:
A. use a higher proportion of their incomes on basic needs
B. spend a lower proportion of their incomes on basic needs
C. get more goods and services for less money
D. obtain less goods and services for less money

Respuesta :

If the inflation rate increases faster than their income, people will most likely use a higher proportion of their incomes on basic needs. 

If the inflation rate increases faster than their income, people will most likely use a higher proportion of their incomes on basic needs

What is inflation rate?

Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.

According to the question

If the inflation rate increases faster than their income, people will most likely:

As

inflation rate increases  means increase in prices of goods and services  over a given period of time.

i.e

People will use a higher proportion of their incomes on basic needs .

Hence, If the inflation rate increases faster than their income, people will most likely use a higher proportion of their incomes on basic needs.

To know more about   inflation rate here:

https://brainly.com/question/19263433

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