Impact of inflation Q8

Q.
Explain the impact of the following due to the increase in rate of inflation:-

i) Price level of goods and services. (4 marks)

ii) Value of money. (4 marks)

iii) Profits of entrepreneur. (4 marks)

iv) Dividend and bonus to shareholders. (4 marks)

v) Income of government officers. (4 marks)

(20 marks, 2013 Q8)