Inflation

$0.01 in 1963 had the same buying power as $0.08 in 2016.

The cost of living is measured on a scale known as the Cost of Living Index. This scale measures the cost of living over different times and regions by measuring the prices of goods and services.

In about 8 years.

Worked out by doing (1.09)^x=2

1.09^8 = 1.99

Given the rise in the numbers of people on Earth, resources are running out to feed them, Earth/humanity is heading for a crisis.

Yes

no

$250,000.00 in 1931 had the same buying power as $3,672,748.45 in 2016.

The U.S. did not mint any dollars for circulation between 1804 and 1835 inclusive. There are however millions of counterfeit and fantasy pieces with "impossible" dates and designs, mostly made in the Far East.

If your coin says it is a U.S. $1 piece with the date of 1812, you can be sure that what you have is one of the latter items.

The behavior (rise or fall) of the inflation rate directly affects consumer spending, and indirectly the hotel and restaurant industry.

Elasticity is the percentage change in one variable resulting from a percentage change in another variable. Thus, the price elasticity of demand is the percentage change in quantity demanded of a good resulting from a percent change in its price. Elastic demand means that the percentage change in quantity demanded of the good is greater than the percentage increase in price. This means that the demand for a good is very sensitive relative to price. Therefore, if the price increases by one dollar the quantity demanded for that good will decrease by a lot and if the price decreases by one dollar the quantity demanded for that good will increase by a lot. The determinants of price elasticity of demand are: substitutes of the good, percentage of income the good's price, and the need of the good. Substitutes are other goods that have the same or similar function to the particular good; if there are many substitutes then the price will be elastic in which the primary good becomes too expensive consumers will switch their demand to a close substitute, and if there are not many substitutes the price will be inelastic in which the primary good becomes very expensive consumers will have to buy that good no matter what. If the price of the good is a large percent of the consumer's income the elasticity of demand will be high, since the consumer will not want to spend the majority of their income on one good. If the good is a necessity, for example food, then people will have to buy it no matter the price therefore it will be very inelastic. If the good is a luxury good like a yacht then the demand elasticity will be very elastic.

A marginal product curve is a visual presentation that demonstrates the relationship between the marginal product and the quantity of its input. All other inputs are fixed.

The inflation affects the investment indirectly when read with the return. Example if an investment provides a return of 6%, and the inflation during the same period is 5%, the investment in real terms increases only by 1% and not by 6%, as inflation eats away returns to the tune of 5%.

$6,000.00 in 1965 had the same buying power as $45,485.58 in 2016.

$300.00 in 1920 had the same buying power as $3,754.37 in 2016.

Honestly, you can not compare inflation rate of world with India's. Each country have their own currency and policies hence different rate of inflation. You could find various different inflation rations for different commodities and then compare them with India's overall inflation rates.

$1,000,000.00 US in 1963 had the same buying power as $7,209,835.53 US in 2011 and $7,780,427.63 US in 2016.

A dollar in 1776 would not be worth anything today. Money that was used at the time of the confederate currency has no monetary value by today's standards. However, some museums or collectors may be willing to purchase them.

basically it contains facts

That depends on what the 10,000 units are. Assuming the amount is 10,000 US Dollars, it would have the same buying power as $79,450 in 2013. Similarly, $10,000 today would have the same buying power as $1,250 in 1959.

Of course it does. Inflation is the devaluing of money over time. It is always displayed as a percentage. For instance, inflation (usually measured as the Consumer Price Index) one year might be 3%. That means that a dollar in the current year would be worth $1.03 the year before. The saying is kind of misleading though. Inflation usually happens so slowly that a single dollar will not be actually worth less after a single day. Take the rate of inflation for the US since 1968, 519%. Divide that by the number of years since 1968 (40), it comes to 12.975%. Divide that by 365... it comes to .03%. So a dollar tomorrow is only worth .03% more than a dollar today if you apply the 40-year historical average (it is actually different because inflation right now is not 12.975%).

While inflation makes one dollar today worth more than a dollar tomorrow, it (inflation) is not the only reason for that. Even if inflation is 0%, a dollar today is still worth more than a dollar tomorrow, for a couple of reasons like

1. if you can buy something today, you can enjoy it (one day) more than if you had bought it the next day

2. by investing a dollar today, you can earn interest, increasing the value of the dollar (in the US, the Fed does manage money supply and interest rates, so there will be some correlation between changes in inflation and changes in interest rates)

3. Perhaps, we will not be able to enjoy the worth of the dollar tomorrow.

Inflation in India can be control by by rising the prices of products which auto maticly decreases the consumption of consumers or the other way is extensive advertisement for minimum utilisation resources.make people aware of what are the effects of inflation and how scarcity of resources affects there future and there children(most of the people work for whole life to make there future childrens secure) so if we emphsize on how inflation affects there future somehow we may control on inflation such as crude oil