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larisa86 [58]
2 years ago
8

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

History
2 answers:
lisabon 2012 [21]2 years ago
5 0
$1.10 
hope this helps :D

docker41 [41]2 years ago
3 0

Answer:

$1.10 dollars.

Explanation:

<em>Inflation</em> is a sustained increase in the general price level of goods and services in an economy over a period of time.

Having a 10% yearly inflation on a product that costs one dollar means it will have an increase of .10 dollars next year (a tenth of a dollar). Sum both amounts and the result will be $1.10 dollars for the product next year.

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