Purchase Solution

Inflation

Not what you're looking for?

Ask Custom Question

Find the most recent report of the annual inflation rate of a country of your choice as well as the type of currency used in that country. The equation also typed as S=C(1+r/100)^5 to find the inflated cost S, in 5 years, of an item, good or service, where C is the current price of that item in that country's currency and where the inflation rate is r%. Choose any value of C, the current price of an item in that country's currency, that you would like.
Include in your post the country, the inflation rate, the type of currency, a value of C of your choice, and the calculations needed to find the approximated inflated rate of C after 5 years. Show your work.
Cite your sources using APA style.
According to the CIA world Fact Book (CIA.gov), the inflation rate for the United States is 2.7% The United states currency is the dollar.
C = $12.00
R = 2.7%
What is the value of S

Purchase this Solution
Solution Summary

Problem solved

Solution Preview

The country: USA

Inflation rate : 2.7%

Type of currency : USD

Cost of an item or ...

Purchase this Solution
Free BrainMass Quizzes
Graphs and Functions

This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.

Exponential Expressions

In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.

Geometry - Real Life Application Problems

Understanding of how geometry applies to in real-world contexts

Know Your Linear Equations

Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.

Multiplying Complex Numbers

This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.

View More Free Quizzes
Related BrainMass Solutions

  • The Advantages of the Inflation Theory

    573244 The Advantages of the Inflation Theory What are the advantages of inflation targeting? What are the advantages of inflation targeting? What are the advantages of inflation targeting?

  • Difference between cost-push and demand-pull inflation

    69908 COST-PUSH VERSUS DEMAND-PULL INFLATION What is the difference between cost-push and demand-pull inflation? Which was the primary cause of inflation in the early 1970's?

  • Causes of Inflation Influences

    Generally there are two widely accepted theories of inflation which explain the causes. They are demand pull inflation & cost push inflation.

  • rate of inflation

    442658 rate of inflation for the United States What is an acceptable rate of inflation for the United States? Defend your position using economic principles. What is an acceptable rate of inflation for the United States?

  • Calculating Inflation rates

    Year CPI Change in CPI/ Initial CPI 1988 118.3 1989 124 4.82% Inflation (In the absence of inflation figures for 1988, I will call it inflation) 1990 130.7 5.40% Inflation

  • Inflation in the Southeastern United States

    467531 Inflation in the Southeastern United States How is inflation today in the United States? In the Southeastern United States? How is inflation measured?

  • Inflation and Growth

    76009 Inflation and Growth Explain the different views on the relations between inflation and growth. In the 1950s and 1960s, the growth costs of inflation were not considered a serious issue.

  • Inflation & Prices

    68986 Inflation & Prices Define inflation and discuss how economists track the general level of prices. In economics, inflation is an increase in the general level of prices of a given kind.

  • Cost-Push Inflation

    is called cost-push inflation.

  • Inflation Index

    What is the inflation rate from 2006 and 2007? Inflation rate in 2007 is (Inflation Index in 2007-Inflation index in 2006)/Inflation index in 2006) (110-100)/100 =.1 or 10% What is the inflation rate from 2007 and 2008?

View More Related Solutions