The inflation tax is often used as a significant source of revenue in developing countries where the
Question:
a. Use the numbers in the accompanying table to calculate the inflation tax in Canada and India (Rp = rupees).
b. How large is the inflation tax for these two countries when calculated as a percentage of government receipts?
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Related Book For
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
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