Question: The fiscal deficit of the country Zoldova has been increasing at an alarming rate for the last decade. One of the major reasons for the worsening fiscal deficit has been indiscriminate government spending which had to be financed by printing more currency. The continuous increase in money supply to finance wasteful government expenditure caused the inflation rate to hit triple digits. With rising instability in the country, the central bank had to redenominate its currency earlier this year. As a result, currency worth 10,000 Zoldovan dollars last year are now worth only 100 Zoldovan dollars. Which of the following is most strongly implied by the information given in the question?
A. Zoldova's GDP reached an all-time low this year.
B. The ability of the Zoldovan dollar to function as a store of value has declined.
C. Personal income tax rates in this country are very low.
D. This is the first time the country has experienced hyperinflation.
E. Generous salaries and perks to government officials accounted for a substantial portion of government spending.
Answer: The ability of the Zoldovan dollar to function as a store of value has declined.
Fiscal deficit is the difference between the total revenue and the total expenditure of a government. It is usually known as the total borrowing needed for a budget to be implemented.
As a result of Zoldovan increasing fiscal deficit, the value of their currency has decreased.
The answer is A it was petrarch
Answer:
Germany rebuilt its economy after World War II, creating more job opportunities and prosperity for its citizens.
Explanation:
Convergence theory believe that whens certain society adopted industrialization and increase its wealth, its societal situation and norms will developed into something that is similar with other industrialized nations.
This can be seen when Germany rebuilt its economy after world war II.
Before this, they are generally known as a Fascist nation. Which allowed only a certain race to thrive while discriminated the other.
After they industrialized themselves, they opened up themselves to other nations to allow inflow of capital, creating more job opportunities and prosperity for its citizens..
When the inflow of capital occurs, Cultural exchange also occurred between Germany and other nations. This allow transformation in their society to happen, and they become a more tolerant /accepting countries like other developed Europeans nations
