In 2022, which country experienced hyperinflation, with rates exceeding 1,000%?
Practice Questions
Q1
In 2022, which country experienced hyperinflation, with rates exceeding 1,000%?
Venezuela
Zimbabwe
Argentina
Turkey
Questions & Step-by-Step Solutions
In 2022, which country experienced hyperinflation, with rates exceeding 1,000%?
Step 1: Understand what hyperinflation means. Hyperinflation is when prices increase very quickly, and the inflation rate is extremely high, often over 1,000%.
Step 2: Look for countries that had high inflation rates in 2022.
Step 3: Identify Venezuela as a country known for experiencing hyperinflation.
Step 4: Confirm that Venezuela's inflation rate exceeded 1,000% in 2022.
