Question: Derive a rule for estimating the years to triple--that is, the number of years it would take for the general levels of prices to triple

Derive a rule for estimating the years to triple--that is, the number of years it would take for the general levels of prices to triple for a given annual inflation rate Let the annual inflation rate be the numerical part of the rate written as a percentage. Select the correct choice below and fill in the answer box to complete your choice. (Round to the nearest whole number as needed.) O A years to triple In 3 annual Inflation rate annual inflation rate 100 in 3 B. years to triple annual inflation rate annual inflation rate annual Inflation rate annual inflation rate OC. years to triple 10 in 3 D. years to triple 10 in 3 annual inflation rate annual inflation rate annual inflation rate E years to triple annual inflation rate 100 in 3 annual inflation rate OF. years to triple annual inflation rate In 3

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=+ d. Who benefi ts from having a better-developed fi nancial system?

=+ a. Which nation would you expect to have a higher level of total factor productivity?

=+Explain. (Hint: See the appendix to Chapter 9 for the defi nition of total factor productivity.)