Inflation
Assuming that the annual inflation rate in the year 2014 is expressed by the figure 6.3%, that is, the real value of monetary units (for example, crowns, euros, dollars), expressing the possibility of purchasing goods, decreased in the year 2014 by 6.3%. By how much is the purchasing power in the above example lower than the actual amount in the account?
Correct answer:
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basic functionsUnits of physical quantitiesGrade of the word problem
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