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However, today, it is a country in deep crisis and the sign of collapse everywhere.[1] Zimbabwe’s real GDP per capita declined by 46.2 % between 1998 and 2005. Actually, as the graph shows us, the GDP per capita has fallen back to exactly the same level as 50 years ago, wiping out 50 years of income growth.
Inflation can be described as a tendency for the general price level to increase over a given time period, or a case where too much money is chasing few goods. It is usually measured by the Consumer Price Index (CPI) where a representative basket of consumer goods is analyzed for changes in the price level of a defined time frame...
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Common topics in this essay:
- Inflation Zimbabwe Hits 165,000 %
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