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.
Answer:
Just remember where you came from because its part of who you are
Explanation:
Answer:
Macroeconomists focus on just a few key statistics such as inflation,unemployment, and GDP because they find it hard to focus on all the data in eachmarket. Thus, it will be difficult for them to examine every good or servicebecause it is time consuming and cumbersome.It will be better for economists to examine all the possible data though it will take muchtime. The economists thus, use the summary from the three measures above to getsome information of the economy as a whole.
Explanation:
Its called research, hope it helped ヾ(•ω•`)o
Answer: Increased exchange of ideas and goods
Explanation:
Answer:
c
Explanation:
it supplied the eastern states with a supply of beef
