Between December 1988 and December 1989, Brazils inflation rate was 1290% a year. (This
Chapter 0, Problem 13(choose chapter or problem)
Between December 1988 and December 1989, Brazils inflation rate was 1290% a year. (This means that between 1988 and 1989, prices increased by a factor of 1 + 12.90 = 13.90.) (a) What would an article which cost 1000 cruzados (the Brazilian currency unit) in 1988 cost in 1989? (b) What was Brazils monthly inflation rate during this period?
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