gvA Update

Exiting Recession; Any Impact on Households? The recent Nigeria recession may have ended, but householdsâ misery may linger for a while as it takes continued significant growth for households to feel the impact of any economic recovery. During a recession, households are faced with higher unemployment rates and rising inflation (significant increases in the general price level). This condition is often referred to as stagflation or household economic misery. In this connection, 1-Which of the following OPEC member countries has had the most inflation rate since 2014? A) Ecuador B) Qatar C) United Arab Emirates and D) Venezuela 2-Which of the following African OPEC countries has had the most stagflation since 2014? A) Equatorial Guinea B) Gabon C) Libya and D) Nigeria. ANSWERS 1-Venezuela is the OPEC member country that has had the highest average rate of inflation rate since 2014, with an average of 146 percent from 2014 to 2016. 2- Libya is the African OPEC country that has had the most stagflation since 2014, at 32.3 percent when combining unemployment and inflation rates.

 

Posted: Sep 19th, 2017 @ 03:56:41 AM