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How the inflation effect on the Import and Export of the country?
When general price level enhances in an economy, local currency is devalued. Economy has to spend more on imports and earns less in exports. In other words, imports enhance and exports decrease.
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What is inflation gap
Taxes: Compulsory government levies collected to pay for public spending. There are numerous types of taxes (corporate, income, wealth, sales, environmentaland payroll taxes); each
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