If Inflation Is 3% How Many Years Will It Take

question 47

Multiple Choice

If inflation is 3% how many years will it take to decrease in value to less that 50% of the original value (use the closest 5 year time period) ?

• A)10
• B)15
• C)20
• D)25
• E)30

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Definitions:

Equality Of Opportunity

The principle that all individuals should have the same chances to succeed, without facing discrimination or unfair barriers.

Social Solidarity

The sense of unity and mutual support within a society that binds individuals together.

Max Weber

A German sociologist, philosopher, and political economist who significantly contributed to the methodology of social science and the concept of bureaucracy.

Karl Marx

A German philosopher, economist, and revolutionary socialist best known for his theories about capitalism and communism.