Which of the following is an example of hyperinflation?
A)An economy experiences over 10% economic growth in one year.
B)There is deflation of 20% in an economy.
C)An economy experiences inflation of more than 7,500% in one year.
D)Economic growth decreases by more than 15% in one year.

Question

Quizplus · Accepted Answer

Hyperinflation is a situation where the rate of inflation becomes extremely high, usually over 50% per month, leading to a rapid decline in the value of a country's currency. A rate of inflation of more than 7,500% in one year can be considered hyperinflation. Therefore, option C is the correct answer. The other options do not represent hyperinflation.

Which of the Following Is an Example of Hyperinflation