[Online Document Assignment:]
EIA Activity: Miracle in Venezuela
Click on the links on the right to answer the following questions.
Use Link 1 to answer the following questions. True or False: Capital Economics, an economic research consultancy in London, predicted that Venezuela’s GDP would increase by 5% in the 2014-2015 fiscal year.
| A. |
| B. |
True or False: Many products are cheaper in Venezuela than in Columbia due to price controls.
| A. |
| B. |
In September 2014, Venezuela’s annual inflation rate had risen to:
| A. |
| B. |
| C. |
| D. |
Use Link 2 to answer the following questions. True or False: In 2013, GDP in Venezuela was worth US$500 billion.
| A. |
| B. |
True or False: In terms of world GDP value, Venezuela represents 0.82% of the world economy.
| A. |
| B. |
True or False: From 1960 until 2013, GDP in Venezuela averaged US$100 billion.
| A. |
| B. |
Discussion Questions:
What are the chances of the people of Venezuela protesting rising prices? Discuss.
Would you ever protest rising prices in the United States? Discuss.
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