Question

Hyperinflation is:

An inflation rate in excess of 200 percent, lasting at least one year.
An inflation rate in excess of 20 percent, lasting at least one year.
A common problem in the United States.
The movement of taxpayers to higher tax brackets because of rising price

Answer 1

A). An inflation rate in excess of 200 percent, lasting at least one year.

Step-by-step explanation:

Hyperinflation is demonstrated as the 'inflation rate that is in 200% excess and lasts for a minimum of one year'. In simple terms, it is elucidated as the monetary inflation at an accelerating rate. Inflation is stated as the term used for describing the hike of prices of goods and services in an economy while hyperinflation is elucidated as the excessive inflation that ends up in crumbling the true value of the domestic currency, decline in aggregate supply, tax revenue, as well as in exports. Therefore, option A is the correct answer.