ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which country experienced hyperinflation in the last 20 years?
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USA
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UK
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Zimbabwe
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Japan
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None of the countries
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Explanation:
Detailed explanation-1: -Zimbabwe: March 2007 to Mid-November 2008.
Detailed explanation-2: -Recent Example of Hyperinflation in the World A decade ago, during a financial crisis, Zimbabwe recorded the second highest incidence of hyperinflation in history – the country’s inflation rate for November 2008 was a staggering 79, 600, 000, 000% (essentially a daily inflation rate of 98%).
Detailed explanation-3: -Double-Digit Inflation in 2022 Some are even facing triple-digit inflation rates. Globally, Zimbabwe, Lebanon, and Venezuela have the highest rates in the world.
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