Top 10 economy factsEconomy quiz
Which currency went through the worst hyperinflation ever recorded?
Hungarian pengő. Directly after the end of WWII, Hungary went through the most severe known incident of inflation ever recorded, peaking at 1.3 × 10^16 percent per month (prices doubled every 15 hours). When the pengő was replaced in August 1946 by the forint, four hundred octillion pengő became 1 forint.
Which of the Eurozone countries has the smallest economy?
Malta, with 417 thousand of inhabitants, is the least populous country of the Eurozone (the next is Luxembourg with 511). Its economy (measured by nominal GDP) is only 0.06% of Eurozone total.
Which mathematician is the film A Beautiful Mind based on?
John Nash was an American mathematician, Nobel Prize recipient, who made fundamental contributions to game theory. He was suffering from paranoid schizophrenia, and spent several years in psychiatric hospitals before his condition allowed him to return to academic work. His illness and other aspects of his life became the basis for the biographical drama film A Beautiful Mind starring Russell Crowe as Nash.
What is the world's primary oil chokepoint?
Strait of Hormuz. The Strait of Hormuz is a strait between the Persian Gulf and the Gulf of Oman. About 35% of all maritime-traded petroleum passes through the strait, making it the world's primary oil chokepoint. It is able to accommodate the largest oil tankers in the world.
Who was "the father of the German economic miracle"? (German: Wirtschaftswunder)
Ludwig Erhard. The term Wirtschaftswunder describes the rapid reconstruction and development of the economies of West Germany and Austria after World War II. The key figure during that time was the Minister of Economics, Ludwig Erhard, who went down in history as the "father of the German economic miracle."
What does Latin “per capita” literally mean?
By head. “Per capita” is commonly used in the field of statistics in place of saying "per person”.