Which Country Is Correctly Matched with Its 2009 Inflation Rate

question 1

Multiple Choice

Which country is correctly matched with its 2009 inflation rate?

• A) 9 percent inflation in the United States.
• B) 3.6 percent inflation in Russia.
• C) 59 percent inflation in Venezuela.
• D) 9.3 percent inflation in India.

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Definitions:

Current Account Balance

A measure of a country's trade, earnings on foreign investments minus payments to foreign investors, and cash transfers, over a period.

Goods And Services

The combination of tangible products (goods) and intangible activities (services) offered in the marketplace.

Net Transfers

The difference between the total transfers into an economy, such as remittances and foreign aid, and the total transfers out.