Example Of A Struggling Economy Flashcards
1
Q
What is an example of a struggling economy?
A
Argentina
2
Q
What are Argentina’s inflation levels?
A
142.7%
3
Q
Why is Argentina’s inflation level so high?
A
Super inflation caused by a massive Devaluation of the peso causing issues
4
Q
What is Argentina’s unemployment rate?
A
6.49%
5
Q
What are Argentina’s interest rates?
A
133%
6
Q
What is Argentina’s debt levels?
A
$403.8 billion
7
Q
What are the issues with Argentina having such high interest rates?
A
Increases debt - worse I’m the long-run
