Inflation tends to reduce the share of labour in the GNP Gross National Product because ........

Economic and Social Issues Poverty and employment

Inflation tends to reduce the share of labour in the GNP (Gross National Product) because

Wages lag behind prices

Prices lag behind wages

Profits lag behind prices

Profits lag behind wages

None of the above

According to data of the labour ministry the increase in wage rate historically has been less than the inflation rat

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