Question

In: Statistics and Probability

37. hyperinflation in germany. In 1923, Germany underwent one of the worst periods in history of...

37. hyperinflation in germany. In 1923, Germany underwent one of the worst periods in history of hyperinflation— extraordinarily large inflation in prices. At its peak, prices rose 30,000% per month. At this rate, by what percentage would prices have risen in 1 year? in 1 day?

Solutions

Expert Solution

The nominal interest rate is compounding 30,000% monthly, the effective price rose in one year can be obtained using the formula,

where i is the nominal rate and n is the number of compounding periods

After one year the prices will be rose by,

Daily rise in prices is (considering 365/12 days per month),
,

orchestra answered 2 years ago
Next > < Previous

Related Solutions

The situation is the worst economic crisis in Venezuela's history, and among the worst in the...
The situation is the worst economic crisis in Venezuela's history, and among the worst in the world since 2014. ... The crisis intensified under the Maduro government, growing more severe as a result of low oil prices in early 2015, and a drop in Venezuela's oil production from lack of maintenance and investment. Explain all types of unemployment and link the current situation Explain the concept of wage rigidity and unemployment, draw the diagram and link with the current situation...
Describe Asian Flu Pandemic as one of the worst infectious disease outbreaks in history. Identify the...
Describe Asian Flu Pandemic as one of the worst infectious disease outbreaks in history. Identify the causative microorganism. Describe in detail how this organism would be identified in a modern laboratory today. Please specify the type of specimen to be studied and the exact tests that would be used for preliminary and final identification. Please describe the appropriate treatments that are available today. Note: Initial answers to the discussion question have to be substantive and in the range of 250...
Describe Asian Flu Pandemic as one of the worst infectious disease outbreaks in history. Identify the...
Describe Asian Flu Pandemic as one of the worst infectious disease outbreaks in history. Identify the causative microorganism. Describe in detail how this organism would be identified in a modern laboratory today. Please specify the type of specimen to be studied and the exact tests that would be used for preliminary and final identification. Please describe the appropriate treatments that are available today. Note: Initial answers to the discussion question have to be substantive and in the range of 250...
Describe one of the worst infectious disease outbreaks in history. Identify the causative microorganism. Using the...
Describe one of the worst infectious disease outbreaks in history. Identify the causative microorganism. Using the resources available on the Internet, describe in detail how this organism would be identified in a modern laboratory today. Please specify the type of specimen to be studied and the exact tests that would be used for preliminary and final identification. Please describe the appropriate treatments that are available today . Note: Initial answers to the discussion question have to be substantive and in...
The biologist and anthropologist Jared Diamond stated that “agriculture is the worst mistake in the history...
The biologist and anthropologist Jared Diamond stated that “agriculture is the worst mistake in the history of the human race”. Based on your knowledge of genome evolution and phylogenetics (and other aspects of genetics/biology), provide arguments for and against this statement. Also give your opinion on this in the context of the United Nations Sustainable Development Goals of zero hunger; good health and wellbeing; and responsible consumption and production (Goals 2, 3 and 12). (10)
which one is worst Alzheimer’s or dementia?
which one is worst Alzheimer’s or dementia?
A 75 year-old man with a history of rheumatoid arthritis underwent a left hip replacement two...
A 75 year-old man with a history of rheumatoid arthritis underwent a left hip replacement two weeks ago. Initially, the wound was healing, but over the past 2-3 days, he noticed increased pain in the area, along with redness and swelling. Yesterday, he noticed a small blister over the middle of the incision, and today that area opened up and began to drain purulent fluid. He does not have any fever or chills. Upon examination, he is well-appearing, but has...
A prominent academic, Jarred Diamond, has called the agricultural revolution "the worst mistake in the history...
A prominent academic, Jarred Diamond, has called the agricultural revolution "the worst mistake in the history of the human race." Do you agree or disagree? What are your reasons? Please submit at least 250 words in your reply. You should go into the benefits and drawbacks of agriculture while painting your argument.
Compare and contrast the recent history and future prospects for regional convergence/divergence in India and Germany....
Compare and contrast the recent history and future prospects for regional convergence/divergence in India and Germany. (Note: You should have a rough appreciation of regional convergence/divergence trends in US, China, India, and Germany.)
Chief Complaint: "Worst headache of his life"History of Present Illness: On Sunday afternoon while Mr.O was...
Chief Complaint: "Worst headache of his life"History of Present Illness: On Sunday afternoon while Mr.O was at home visiting with his wife and the family of his youngest son, he experienced a sudden, severe headache which he described to his wife and son as"the worst headache of his life."Within minutes, he experienced numbness and weakness of his left face, arm, and leg and wash having increasing difficulty speaking and understanding simple statements. His wife called 911, and by the time...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT