VOICED : Cubanos resienten rigor de inflación de 6.900% en mercado informal de divisas

VOICED : Cubanos resienten rigor de inflación de 6.900% en mercado informal de divisas

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Interactive Video

Social Studies, Business

9th - 12th Grade

Hard

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Quizizz Content

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The video discusses the severe inflation in Cuba, with retail prices rising by 60% and informal currency markets seeing a 6,900% increase. The Cuban government implemented financial reforms, raising salaries by 450%, but also increasing prices. The economic crisis is exacerbated by the U.S. embargo and the COVID-19 pandemic, leading to a 13% GDP contraction. The video highlights the subjective nature of inflation causes, particularly blaming some merchants, and points to the scarcity of essential goods and medicines.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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