If the Annual Inflation Rate Is 5 Percent a Year

question 16

Multiple Choice

If the annual inflation rate is 5 percent a year, about how many years will it take for the price level to double?

• A)10 years
• B)12 years
• C)14 years
• D)16 years

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Definitions:

Social Acceptance

The condition in which individuals are recognized and accepted into a social group or society, often conforming to its norms and values.

Canadians

Individuals who are citizens of Canada, either by birth or naturalization, or who identify with the culture and society of Canada.

Homosexuality

A sexual orientation characterized by a romantic or sexual attraction to people of one's own sex.

Percentage

A mathematical term that represents a number or ratio expressed as a fraction of 100.