With 2% inflation during the next 10 years, an item that presently sells for 100 will cost 102 in 10 years' time.
Explanation:
However, if the predicted inflation rate of 2% happens year on year, then the cost of the item will become 121.90 (100 (1+ 2%)∧10), compounded annually. In itself, inflation is the decline of the purchasing power of a given currency over some period of time. It is a quantitative measure of the rate at which the decrease in the purchasing power of the selected currency occurs, and how this is reflected in the price level of a basket of selected goods and services in that economy over some period of time.
Qualitative data is data that is not expressed in numerical values. Kay & Maggie are asking for opinons in the survey and interviews. These opinons are not numbers, they are words, language, therefore, they are qualitative.
It is primary data because Kay & Maggie are collecting the information directly from the desired source, the customers, instead of collecting the data from a third party.
If the United states dollarappreciates against the Japanese yen, then demand for united states exports will increase.
<h3>What is Export?</h3>
These are the goods and services produced in a country and sold into another country.
When the currency of United states dollarappreciates against the Japanese yen, there will be lessercost in the production of such goods which will lead to increase in export demands.
