“Travelling in India is much costlier now than it was ten years ago,” says your American friend. “Ten years ago, a dollar bought 44 Rs; this year, a dollar buys 68 Rs.” Is your friend right or wrong? Given that total inflation over this period was 25 percent in the United States and 100 percent in India, has it become more or less expensive to travel in India? Provide an answer using a concrete example -such as an American burger versus an Indian burger – that will convince your friend.

“Travelling in India is much costlier now than it was ten years ago,”
says your American friend. “Ten years ago, a dollar bought 44 Rs; this year, a dollar buys 68 Rs.” Is your friend right or wrong? Given that total inflation over this period was 25 percent in the United States and 100 percent in India, has it become more or less expensive to travel in India? Provide an answer using a concrete example -such as an American burger versus an Indian burger – that will convince your friend.

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The post “Travelling in India is much costlier now than it was ten years ago,” says your American friend. “Ten years ago, a dollar bought 44 Rs; this year, a dollar buys 68 Rs.” Is your friend right or wrong? Given that total inflation over this period was 25 percent in the United States and 100 percent in India, has it become more or less expensive to travel in India? Provide an answer using a concrete example -such as an American burger versus an Indian burger – that will convince your friend. appeared first on Superb Professors.