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With an inflation rate of 9 percent prices would double in about how many years?
Wiki User
∙ 14y ago
In about 8 years.
Worked out by doing (1.09)^x=2
1.09^8 = 1.99
Wiki User
∙ 14y ago
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What is administered price inflation?
when the government administers or subsidises prices of essential commoditites like rice, oil or even oil and electricity but the global prices are high, then it implies that these domestic prices would take some time to respond or adjust to global prices and in this process, the rate at which the prices respond would lead to inflation implying that it is transmitted through global prices.
How much has inflation increased since 1972?
Inflation has increased by around 5.7 percent since 1972. A dollar in 1972 would be equivalent to $5.7 in 2014.
How can the price of raw materials affect inflation?
As prices of raw materials goes up, prices would go up, causing the currency to buy less.
Why did farmers want inflation?
Inflation would help pay off loans Inflation would help pay off loans
Is construction equipment succumbing to inflation prices?
During a period of economic inflation, most everything is affected. According the sale of new and used construction equipment would slow due to the slowing of building projects.
What is the sentence of inflation-prone?
Inflation prone would be having the tendency to have a general and progressive increase in prices.
Why did some people in the 1890s think that going off the gold standard would cause inflation?
They believed that increasing the money supply would cause inflation. Inflation, in turn, would result in rising prices. Higher prices for crops would help farmers pay back the money that they had borrowed to improve their farms.
What is administered price inflation?
when the government administers or subsidises prices of essential commoditites like rice, oil or even oil and electricity but the global prices are high, then it implies that these domestic prices would take some time to respond or adjust to global prices and in this process, the rate at which the prices respond would lead to inflation implying that it is transmitted through global prices.
What is the value of 1980 dollar in today's dollars?
If you took the annual inflation of 3.32 percent and took $1 from 1980, it would be worth $3.03 in 2014. The total inflation is over 200 percent.
What would you expect the nominal rate of interest to be if the real is 4 percent and the expected inflation rate is 7 percent?
5
What would 2500 in 1972 be valued at today?
Maybe it should value 10,000 today as the inflation of prices.
How can the price of raw materials affect inflation?
As prices of raw materials goes up, prices would go up, causing the currency to buy less.
How much has inflation increased since 1972?
Inflation has increased by around 5.7 percent since 1972. A dollar in 1972 would be equivalent to $5.7 in 2014.
What is the overall effect on the prices if the prices in a sale were reduced by 33 percent and increased by 50 percent?
They would increase slightly. If that was 33 and 1/3%, the price would revert back to the original.
Will inflation lead to change in demand?
Will inflation lead to change in demand? Inflation is defined as the rise of prices in goods and services in a society. Therefore inflation and demand are strongly depended on each other. Supposedly the inflation grows over a period of time, the demands would effect the different levels in society by a equivalent decrease and vice versa.
Why did farmers want inflation?
Inflation would help pay off loans Inflation would help pay off loans
How much was a dollar in 1984?
A dollar from 1984 would be worth about $2.30 today. That is equivalent to a yearly inflation rate of 2.82 per year for a total inflation rate of 130.6 percent.
