Venezuela's inflation is extremely high. This country, that is very rich with oil and several other natural resources, has an economy that has problems. What types of natural resources does it have? Research the impact that very high inflation is having on this country. What has happened to the purchasing power of the average citizens? What is your prediction for its future?

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Venezuela is indeed a country rich in natural resources Some of the key natural resources found in Venezuela include 1 Oil Venezuela possesses the worlds largest proven oil reserves making it a signif... View the full answer