The high rate of inflation in Nigeria can be attributed to
-
A.
increasing cost of production -
B.
the appreciation of the naira -
C.
decreasing cost of production -
D.
high capacity utilization
Correct Answer: Option A
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