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![What was the price of a loaf of bread in Zimbabwe, measured in
a. U.S. dollars?
b. Zimbabwe dollars?
trillion
tA](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0763f7f4-03c2-40ab-868a-e517bf0d23d8%2F72ebca78-baba-4577-b19c-01c88a39c3da%2Ffsy1986_processed.png&w=3840&q=75)
![Refer to the World View below:
WORLD VIEW
Zimbabwe's Trillion-Dollar Currency
Imagine the price of coffee doubling every day. Or the price of a textbook soaring
from $100 to $12,800 in a single week! Sounds unbelievable. But that was the
day-to-day reality in Zimbabwe in 2008-2009, when the inflation rate reached an
astronomical 231 million percent.
The Zimbabwean currency lost so much value that people needed a sackful to
buy a loaf of bread. To facilitate commerce, the Zimbabwe central bank printed
the world's first $100 trillion banknote. Within a week, that $100 trillion note was
worth about 33 U.S. dollars-enough to buy six loaves of bread.
Source: News reports, January 2009.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0763f7f4-03c2-40ab-868a-e517bf0d23d8%2F72ebca78-baba-4577-b19c-01c88a39c3da%2F58ny7ua_processed.png&w=3840&q=75)
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- In Zimbabwe the rate of inflation hit 90 sextillion percent in 2009, with prices increasing tenfold every day. At that rate, how much would a $100 textbook cost one week later? Hint: Use the following equation to calculate future price: Future price = (current price) x (inflation rate)', where t is the number of days in the future. billionHello, how do I calculate the yearly inflation rate when given the monthly cpi for each basket of goods the economy produces.Suppose you borrow $100 from a bank at 5 percent interest for 1 year and the inflation rate that year is 10 percent. Was this loan advantageous to you or the bank?
- The rate of inflation measures the percentage increase in the price of consumer goods. The rate of inflation in the year 2014 was 2% per y in the long run, let's suppose that it persists through 2034. What would be the cost in 2015 of an item that costs $400 in 2014? (Round your answer to the nearest cent.)In Zimbabwe the rate of inflation hit 90 sextillion percent in 2009, with prices increasing tenfold every day. At that rate, how much would a $3 loaf of bread cost five days later? Hint: Use the following equation to calculate future price: Future price = current price × inflation ratet, where t is the number of days in the future Instructions: Round your response to one decimal place. $ _____ millionZimbabwe's inflation has rocked to an astronomical 231 million per cent Harare has admitted- an advance of more than 200 million per cent on the previous figure
- Consider a telephone call to London that currently would cost $5. If the real price oftelephone calls does not change in the future, how much will it cost you to make a call to London in 50 years if the inflation rate is 5% (roughly its average over the past 30 years)? What if inflation is 10%.Explain how the removal of online purchase taxes on ICT devices may effect a country's inflation rate.Give an example of a good or service that has increased in price since the time when you were young. Describe the good or service and tell us what price the good cost when you were young compared to today. Calculate the percentage change in price (the inflation rate for the good in question) over the time period you are describing.
- Your parents have given you $1,500 a year before your graduation so that you can take a trip when you graduate. You wisely decide to invest the money in a bank CD that pays 7% interest. You know that the trip costs $1600 right now and that inflation for the year is predicted to be 3%. Will you have enough money in a year to purchase the trip? Show your calculations.Study the associated figure. Adjusted for inflation, during which years during the period shown did the lowest gasoline prices occur? Group of answer choices Gas was cheapest in 1998 - 1999 because the graph shows that the actual price of a gallon of gas was at its lowest in that time period. Gas was cheapest in 1950 - 1952 because the graph shows that the actual price of a gallon of gas was at its lowest in that time period. Gas was cheapest in 1950 - 1952 because the graph shows that the price of a gallon of gas in 2016 dollars was at its lowest in that time period. Gas was cheapest in 1998 - 1999 because the graph shows that the price of a gallon of gas in 2016 dollars was at its lowest in that time period. Gas was cheapest in 1980 - 1982 because the graph shows that the price of a gallon of gas in 2016 dollars was at its lowest in that time period. Gas was cheapest in 1980 - 1982 because the graph shows that the actual price of a gallon of gas was at…What is the impact of Malaysia inflation to its country ?
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