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.
If<span> neither candidate gets a majority of the 538 </span>electoral<span> votes, the </span>election<span> for President is decided in the House of Representatives, with each state delegation having one vote. A majority of states (26) is needed to win. Hope this answers the question. Have a nice day.</span>
About how far does the S wave travel through Earth in 13 minutes?
Answer:6,000 km
Purpose of the Berlin Conference
In 1884 at the request of Portugal, German chancellor Otto von Bismark called together the major western powers of the world to negotiate questions and end confusion over the control of Africa. Bismark appreciated the opportunity to expand Germany's sphere of influence over Africa and desired to force Germany's rivals to struggle with one another for territory.
At the time of the conference, 80% of Africa remained under traditional and local control. What ultimately resulted was a hodgepodge of geometric boundaries that divided Africa into fifty irregular countries. This new map of the continent was superimposed over the one thousand indigenous cultures and regions of Africa.
Cuz it takes time to kill ppl
