Recall Application 3, "Hyperinflation in Zimbabwe," to answer the following questions:
-An 8 million percent annual increase in the price level implies that if the price of a basket of goods in June 2007 was $1, then in June 2008, the price of the same basket of goods would be:
A) $8 million.
B) $800,000,000.
C) $80,000.
D) $8,000.

Question

Recall Application 3, "Hyperinflation in Zimbabwe," to answer the following questions: 
-An 8 million percent annual increase in the price level implies that if the price of a basket of goods in June 2007 was $1, then in June 2008, the price of the same basket of goods would be:
A) $8 million.
B) $800,000,000.
C) $80,000.
D) $8,000.

Quizplus · Accepted Answer

The Answer of Recall Application 3, "Hyperinflation in Zimbabwe," to answer the following questions: 
-An 8 million percent annual increase in the price level implies that if the price of a basket of goods in June 2007 was $1, then in June 2008, the price of the same basket of goods would be:
A) $8 million.
B) $800,000,000.
C) $80,000.
D) $8,000.

Recall Application 3, "Hyperinflation in Zimbabwe," to Answer the Following