Inflation causes things to cost more, and for our money to buy less (hence your grandparents saying "in my day, you could buy a cup of coffee for a nickel"). suppose inflation decreases the value of money by 2% each year. in other words, if you have $1 this year, next year it will only buy you $0.98 worth of stuff. how much will $100 buy you in 10 years?

$81.71

Explanation:

Inflation is a persistent rise in inflation.

Disinflation is a fall in the rate of inflation.

Inflation rate = 2% = 0.02

Amount = $100

Time = 10 years

Price in n years = Amount × (1 - Inflation rate)ⁿ

The reduced amount = $100 × ( 1 - 0.02 )¹⁰

=$81.71

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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