Economic Glossary | Pure Inflation | Bankers Algo
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Yesterday is history, tomorrow is a mystery, today is a gift of God, which is why we call it the present.

-by Bil Keane

Series Funda

In the following question, one term in the number series is wrong. Find the wrong term.

56, 72, 90, 110, 132, 150

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Economic Glossary

    Pure Inflation

Inflation that occurs when all prices and nominal values in the economy increase by exactly the same percent. This is a theoretical technique used to analyze inflation and establish a benchmark for comparison, but is unlikely to occur in the real world. Pure inflation occurs, for example, if every product price, every factor price, and every asset valuated in nominal terms, increases by the same percent. The key conclusion is that pure inflation has absolutely no impact on the real economy. Whatever could be produced, consumed, or purchased before the pure inflation can also be produced, consumed, or purchased after.

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Word of the day



Stream of water

Synonyms: beck, branch, burn, creek, rill, rindle, river

Antonyms: break, break down, despair, droop, fail, faint, fall, falter, give out, give up, sink, succumb, surrender, yield

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A train running at 54kmph takes 20 seconds to pass a platform. Next it takes 12 second to pass a man walking at 6kmph in the same direction in which the train is going. Find the length of the train and the length of the platform.

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