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Scenario-based on Fiscal Position and Inflation. What are your thoughts on the below scenario:- Consider the following data on the fiscal position and inflation for

Scenario-based on Fiscal Position and Inflation. What are your thoughts on the below scenario:-

Consider the following data on the fiscal position and inflation for 6 countries:

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Country 1998 Budget deficit 1998 National Debt CPI Inflation rate, (% of GDP) (% of GDP) per year, 1990-99 Albania 8.5 46.7 32.1 Hungary 6.2 61.5 21.5 Korea 1.3 10.4 5.3 Mongolia 10.8 78.9 53.7 New Zealand 0.5 38.7 1.9 Russian 6.9 140.4 116.1 Federation

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