If a Dollar Bought 1,000 Chilean Pesos 10 Years Ago

question 93

Multiple Choice

If a dollar bought 1,000 Chilean pesos 10 years ago and 1,500 pesos now,and inflation for that period was 25 percent in the United States and 100 percent in Chile,then:

• A) the purchasing-power parity theory is correct.
• B) traveling in Chile today costs about the same as it did 10 years ago.
• C) traveling in Chile is cheaper now than it was 10 years ago.
• D) traveling in Chile is more expensive now than it was 10 years ago.

---

Definitions:

Childhood Asthma

A respiratory condition characterized by episodes of wheezing, coughing, and shortness of breath in children, often triggered by allergies or infections.

United States

A country consisting of 50 states, located primarily in North America, known for its economic and cultural influence globally.

Asthma Rate

The prevalence or incidence of asthma within a particular population or demographic group, often expressed as a percentage or rate.

Concrete Operational

A stage in Piaget's theory of cognitive development (roughly ages 7-11) where children gain the ability to think logically about concrete events.