ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Zimbabwe
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Lebanon
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Venezuela
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Nigeria
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Detailed explanation-1: -During the 2019 Venezuelan presidential crisis, AP News reported that “familiar geopolitical sides” had formed, with allies Russia, China, Iran, Turkey, Syria, and Cuba supporting Maduro, and the US, Canada, and most of Western Europe supporting Juan Guaidó as interim president.
Detailed explanation-2: -By the mid-1990s under President Rafael Caldera, Venezuela saw annual inflation rates of 50 to 60% from 1993 to 1997, with an exceptional peak of 100% in 1996. The percentage of people living in poverty rose from 36% in 1984 to 66% in 1995, with the country suffering a severe banking crisis in 1994.
Detailed explanation-3: -Double-Digit Inflation in 2022 Globally, Zimbabwe, Lebanon, and Venezuela have the highest rates in the world. *Inflation rates based on the latest available data.