If the rate of inflation remains constant at 3 percent, what will happen to the value of a sandwich over 10 years?

A. The value will increase.
B. The cost will stay the same.
C. The cost will decrease.
D. The value will decrease.

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clarose22 clarose22 · Answer 1 · 2022-02-04T17:33:43+01:00

Answer:

the cost will increase

Step-by-step explanation:

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KarpaT KarpaT · Answer 2 · 2022-06-16T14:23:38+02:00

The value of a sandwich over 10 years will increase. Option (A) is the correct answer.

Inflation rate is defined as the percentage increase in the price levels of the basket of selected goods and services over a time period.

For the given situation,

Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.

From the definition, If the rate of inflation remains constant then the value will increase.

Hence we can conclude that the value of a sandwich over 10 years will increase. Option (A) is the correct answer.

Learn more about rate of inflation here

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