I have a weird question that has a little to do with economics.
This is Calvin. Can everyone tell me that if the world would lost 1000 trillion dollars (convert in USD), will the world literally run out of currency? Or does the world (with GWP(gross world product around 65 trillion USD) and all other different types currencies in every single country combined) has enough total currency to exceed $1000 Trillion USD?
I am just curious about how much money will be lost in order for the world to run out of currency.
2006-06-15 16:51:13 · 3 answers · asked by caltam84 3 in Social Science ➔ Economics
I believe you mean $1,000,000,000,000,000. That's a quadrillion. I also heard that if there are too many dollar bills printed, not only would the nation have a very low value, but everything, including food would cost aLOT!!! Did'ja hear me, A-LOT!
2006-06-15 17:11:37 · answer #1 · answered by Anonymous · 2⤊ 0⤋
the world would never simply run out of currency (as long as capitalism is maintained). The government would simply print more money.
2006-06-15 23:55:29 · answer #2 · answered by Steven B 6 · 2⤊ 0⤋
no, the earth have more than this.
2006-06-15 23:54:53 · answer #3 · answered by Anry 7 · 1⤊ 0⤋