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The High Rate Of Inflation In Nigeria Can Be Attributed To? - Erudites Academy

A. increasing cost of production
B. the appreciation of the naira
C. decreasing cost of production
D. high capacity utilization

Correct Answer:

Option A – increasing cost of production

Explanation

Increase in the cost of production would lead to a rise in prices. And this has been a major cause of inflation in Nigeria, as plenty money would be used to purchase very few goods

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