An article in the Wall Street Journal in 2017 about Venezuela noted, “The economy has shrunk by an estimated 27% since 2013. The International Monetary Fund says inflation this year will hit 720%.”...

An article in the Wall Street Journal in 2017 about Venezuela noted, “The economy has shrunk by an estimated 27%

since 2013. The International Monetary Fund says inflation this year will hit 720%.” Are these facts related? Briefly

explain.

Source: Matt Wirz, Kejal Vyas, and Carolyn Cui, “Venezuela Tries to

Resell $5 Billion Bond at Deep Discount,” Wall Street Journal, June 5,

2017.