Over the Past 70 Years, What Was the Approximate Average

question 74

Multiple Choice

Over the past 70 years, what was the approximate average annual inflation rate?

• A) 3 percent, implying that prices have increased 12-fold
• B) 4 percent, implying that prices have increased 16-fold
• C) 4 percent, implying that prices have increased 18-fold
• D) 5 percent, implying that prices increased about 18-fold

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