The united states and 100 percent in chile then traveling, Ask an Expert

Economics

If a dollar bought 1,000 Chilean pesos ten 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 traveling in Chile is cheaper now than it was ten years ago. - Why is it more expensive now then it was 10 years ago?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M938899

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