Between 1939 and 2006 consumer prices rose about
A)10%.
B)50%.
C)100%.
D)1000%.

Name: Between 1939 and 2006 consumer prices rose about A)10%. B)50%. C)100%. D)1000%.
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Question

Quizplus · Accepted Answer

The period between 1939 and 2006 represents almost 7 decades. Inflation rates vary between 2-3% per year on average, so the inflation rate for 7 decades can be estimated around 20-30%. This means that prices would have risen by around 1000%. Therefore, the best choice is D.

Between 1939 and 2006 Consumer Prices Rose About