What average annual inflation rate would have resulted, Microeconomics

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What average annual inflation rate would have resulted

Thirty years ago, the price of a new Volkswagen was $5,000. (Actual price adjusted to simplify the calculation). The price of a new Volkswagen is $20,000 today. Basing your answer solely on the aforementioned prices, by what percent have prices increased over the past thirty years? (Show your work). What average annual inflation rate would have resulted in this answer?

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Microeconomics: What average annual inflation rate would have resulted

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Microeconomics: What average annual inflation rate would have resulted

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Microeconomics: What average annual inflation rate would have resulted

Reference No:- TGS072444

Recent Questions Asked Microeconomics

Q : Using theories of international trade

Q : Liability of individual directors of corporations

Q : What is the balance in cash at february 28

Q : General journal entry to record this transaction

Q : What average annual inflation rate would have resulted

Q : What is julies taxable income in 2010

Q : Implementation of hipaa

Q : Is a company violating optimality rule in training programs

Q : Ehical conflict concerning your direct supervisor

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