answersLogoWhite

0


Best Answer

It is known as "double digit inflation". It is certainly NOT hyper.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is double digit inflation known as?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is double digit inflation?

A good description of "inflation" is an increase in prices and a fall in the value of money. Inflation is usually represented as a percentage increase for one month over the same month the previous year. Double-digit inflation is when this percentage is greater than 10%. If inflation rises even more than 100% (i.e. prices are twice s high as last year) it is usually called "hyper-inflation".


What was inflation back in the 1900s?

Inflation was the same thing back then as it is now. Inflation rates were and are different in different countries, so the amount of inflation in each country is always different, depending on the solidity of the local currency. In Britain the inflation rate in 1900 was 4.5%. In the USA it was 16.9% but then fell to -2.4 the next year. Inflation rates in the US changed greatly from year to year and were often double-digit (but sometimes that was double-digit deflation)


What is walking inflation?

Walking inflation: When the price rise is moderate (is in the range of 3 to 7 %) and the annual inflation rate is of a single digit, it is called walking inflation. It is a warning signal for the government to control it before it turns into running inflation.


Providing automatic increases to compensate for inflation is known as?

inflation


What are the Definitions of galloping inflation?

Galloping Inflation When the movement of price accelerates rapidly, running inflation emerges. Running inflation may record more than 100 per cent rise in prices over a decade. Thus, when prices rise by more than 10 per cent a year, running inflation occurs. Economists have not described the range of running inflation. But, we may saythat a double digit inflation of 10-20 per cent per annum is a running inflation. If it exceeds that figure, it may be called 'galloping' inflation. According to Samuelson, when prices are rising at double or triple digit rates of 20, 100 or 200 per cent a year, the situation is described as 'galloping' inflation. Indian economy has witnessed a sort of 'running' and 'galloping' inflation to some extent (not exceeding 25 per cent per annum) during the planning era, since the Second Plan period. Argentina, Brazil and Israel, for instance, have experienced inflation rates over 100 per cent in the eighties. Galloping inflation is really a serious problem. It causes economic distortions and disturbances. Submitted by: Sanchit Suneja SSCBS


Double your tens digit to get your ones digit double you and you are less than 50?

40


Double your tens digit to get your ones digit and double you and you are less than 50?

40


How do you know double digit by double digit just like that?

Well its complicated to explain.


How can you tell before you divide if the quotient will have two or three digits?

Mental math like if 12 into 72 it will not be a double digit if you divide 100 by 10 it will be double digits. Most times if you have a tripple digit number and divide it by double digit the answer will be a double digit.


I am a decimal if you double me my double is is between 0.6 and 0.7 but closer to 0.6 my thousandths digit is not a 2 but the thousandths digit of my double is What decimal am i?

0.625493


Your tens digit is double your ones digit The thousands is double the tens the sum of your four digits is 19?

9063


What is a number with more than one digit?

A double digit number, triple digit number........