Some Countries Have Experienced an Extraordinarily High Rate of Inflation

question 84

Short Answer

Some countries have experienced an extraordinarily high rate of inflation known as _____. This is usually due to governments using money creation as a way to pay for their spending. The revenue the government raises by creating money is called the _____.

---

Definitions:

Federal Government Revenues

The income received by the federal government from various sources, including taxes, fees, and charges, used to fund public services and projects.

Individual Income Tax

A tax levied on the income of individuals, which varies according to the income levels and other factors.

Proportional Tax

A tax system where the tax rate is fixed and applied uniformly to all taxpayers, regardless of their income level.

Marginal Tax Rate

The percentage of tax applied to your income for each tax bracket in which you qualify, essentially the rate on the last dollar of income earned.