In essence, 10 percent yearly inflation means that if something costs one dollar today, it will cost next year.

1 answer:

4 0

There are no options given in this question and so it has to be answered from my knowledge. I hope the answer satisfies you and comes to your help. In essence, 10 percent yearly inflation means that if something costs one dollar today, it will cost $1.10 next year. this is a simple calculation and needs no further elaboration.

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