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Satsume Satsume
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7 years ago
Since last year, the price of gold has risen from $1100 to $1420.  What annual inflation rate would leave the real price of gold unchanged over the last twelve months?
A) Approximately 29%
B) 40%
C) Approximately 71%
D) 320%
E) none of the above
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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Bart_argBart_arg
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7 years ago
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Anonymous
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#2
A year ago
Help! The answer is missing an explanation...
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#3
A year ago
This is percentage increase problem, I have shown my work
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