SOC101Y1 Lecture Notes - Lecture 7: List Of Years In Zimbabwe
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Nov 30th lecture 7 social stratification robert brym. In zimbabwe in november 2008, the annualized inflation rate hit 6 sextillion percent (6 sextillion is 6 followed by 21 zeros) the highest inflation rate ever recorded. ,000,000,000,000 zimbabwe bill is the highest denomination bill ever printed. This bill was purchased in toronto in 2008 for canadian. The currency was abandoned by the government of zimbabwe in 2009. Inflation is the increase over time in the cost of a standard basket of goods and services. Year 1: a typical basket of goods and services costs . Year 2: a typical basket of goods and services costs . Therefore, the annual inflation rate = 5%; year2 dollars = year1 dollars. The real value of (year2) is . 24 (year1) [x + 0. 05x = 100; 1. 05x = 100; x = 100/1. 05; x = 95. 24] Average market income of canadian families, before taxes and government transfers,
