Business
Business, 02.08.2019 19:20, Ehdhhxjdjjd866

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. personal income tax rates in this country are very low. b. zoldova's gdp reached an all-time low this year. c. this is the first time the country has experienced hyperinflation. d. generous salaries and perks to government officials accounted for a substantial portion of government spending. e. the ability of the zoldovan dollar to function as a store of value has declined.

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