Money
Is the active capital of an economy that people are willing to use as mean of payment to buy and sell goods and services
What is Money?
Is the person, whether natural or legal, which has the obligation to pay
What is a Taxpayer?
It is the sustained and widespread increase in prices of goods and services in a country.
What is inflation?
It is the percentage of the total workforce that doesn’t have work and is looking for employment, and it can have a major impact of the society and economy of a country
What is Unemployment Rate
It is the value on the market for a worthy metal used to mint a coin. If it takes a higher value than the legal value, the coin could be retrieved from the market due to the high worth of the material they are made of. Gold and silver have it
What is Intrinsic Value?
Concept that makes reference to the tribute established and required according to the financial capacity to those that are not exempt to pay it
What is Tax?
This cause of inflation is due to the law of supply and demand. If the demand for goods exceeds the capacity of production or import of goods, prices tend to increase.
What is Consumption or Demand Effect?
Total market value of goods and services produced by a country’s economy during a specified period of time. It includes final goods and services.
What is the Gross Domestic Product?
People accepts the money because they trust it can be used for other transactions. Money that has no Intrinsic Value
What is Fiat Money (Dinero Fiduciario)?
Classification of Tax where the tax rate is fixed. The amount of the tax is a fixed proportion (say 20%) of one's income. It stays a fixed no matter how high or low the income is.
What is Proportional Tax?
Type of Inflation where prices can reach the 100% increment per year
What is Hyperinflation?
It is a piece of economic data, usually of macroeconomic scale, that is used by investors to interpret current or future investment possibilities and judge the overall health of an economy.
What is an economic indicator?
Characteristic of money that states any money unit, must have the same value to the other units.
What is Homogeneous?
It applies for physical or moral persons residing in the country or abroad. According to each country the percentage payable varies, but is a tax that is present in almost all the nations of the capitalist system.
What is a) Income Tax Return (Impuesto Sobre la Renta)?
Type of inflation where prices are increased at 2 digits in a year period
What is Galloping Inflation?
It is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care
What is the Consumer Price Index (CPI)?
It is a function of money which allows to set the costs and document debt and inversions.
What is Account Unit?
In principle, it is applied to all commercial activities involving production and distribution of good and services. The burden is ultimately for the final consumer, not a charge for the seller. As it is transferrable from seller to purchaser, it is visible at each stage in the production and distribution chain.
What is Value-added Tax (VAT – IVA)?
This inflation occurs when the price of raw materials (copper, oil, energy, etc.) increases, which makes the producer, seeking to maintain their profit margin, increase their prices.
What is Inflation Costs?