Sunday, 10 November 2013

Analysis on survey data

             As we mentioned before, we did a survey to collect responses and views from the public on our topic which is "inflation". The respondents for the survey that we carried out ranged from the age 17 to 65 but they mostly consisted of students.
            More than 85% of them knew what the term “inflation” meant before we conducted the survey. We answered the questions of respondent’s who didn’t know the topic to the best of our ability and the survey was conducted normally afterwards. From the results of all the survey, some of the data that we acquired is that most of them agreed that their spending will increase whenever an there is a positive rate of inflation in the country.
            Other than that more than 50% of the respondent believes that inflation has a good effect on the economy of a country, given that the rate is not too high, while 1/3 of the respondent disagreed with the statement and the others didn’t give any comment. On the other hand, we also gathered that majority of the respondent think that inflation is bad for the people, both consumer and producers.
            One last thing that is worth mentioning is that none of the respondent thinks that the rate of inflation of Malaysia will decrease or be stagnant in the coming 6 months.

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