Inflation in Zimbabwe in 2008:

(A) was about the same as its neighbors, somewhere around 20 percent.

(B) was very high at the beginning of the year but fell when Robert Mugabe agreed to share power with Morgan Tsvangarai.

(C) reached the rate of 80 billion percent per month.

(D) was very low.

(E) did not exist; during 2008 Zimbabwe had deflation.

Question

Neil Warren

Business

17 July, 18:26

Inflation in Zimbabwe in 2008:

(A) was about the same as its neighbors, somewhere around 20 percent.

(B) was very high at the beginning of the year but fell when Robert Mugabe agreed to share power with Morgan Tsvangarai.

(C) reached the rate of 80 billion percent per month.

(D) was very low.

(E) did not exist; during 2008 Zimbabwe had deflation.

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Answers (1)

Know the Answer?

Cordell Wilkerson · Answer 1

(C) reached the rate of 80 billion percent per month.

Explanation:

Inflation in Zimbabwe in 2008 -

In the year 2008, Zimbabwe was in a condition of hyperinflation, which started in the February 2007, and was extremely high in the year 2008 to 2009.

During this time the government of Zimbabwe stop to fill the official inflation statistics, and hence it became very difficult to measure Zimbabwe's hyperinflation.

But the estimated amount was around 80 billion percent per month.