tag:blogger.com,1999:blog-3776665703590564248.post654827751696293240..comments2024-03-27T01:57:19.605-04:00Comments on Return To Excellence: Venezuela Inflation QuizReturnToExcellence.nethttp://www.blogger.com/profile/18149859814999976879noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-3776665703590564248.post-28719152070716112382019-05-11T23:24:50.746-04:002019-05-11T23:24:50.746-04:00The graph shows that actual inflation was 261.18% ...The graph shows that actual inflation was 261.18% in January so prices are 2.6118 times higher @ the end of the month than on January 1. Therefore the item costing 1,000 bolivars @ 12:01 AM on January 1 would cost 3,611.8 bolivars @ midnight on January 31.<br />RTEnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-43581807831672960332019-05-11T23:22:40.014-04:002019-05-11T23:22:40.014-04:00X=1000, Jan. 12 pm, Jan. 31 at 216.8% increase = X...X=1000, Jan. 12 pm, Jan. 31 at 216.8% increase = X= 1000 + 21618 = 3168 bolivars.JRnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-66127658901773710882019-05-07T19:53:33.532-04:002019-05-07T19:53:33.532-04:00Bulls eye. Don’t worry PB, you could never disapp...Bulls eye. Don’t worry PB, you could never disappoint Carol. The moral is don’t take any phone calls when taking the next quiz. RTEnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-90668442556107391722019-05-07T19:47:26.594-04:002019-05-07T19:47:26.594-04:00Doug, you are darn right, answer is 3611.8 Bolivar...Doug, you are darn right, answer is 3611.8 Bolivars.<br /><br />What happened is, I got a phone call while I was sending you you the email and in haste, I forgot to add the 1000 to the answer. It better be right this time.<br /><br />I don't want to disappoint Carol yet.<br />PBnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-92003128159707329702019-05-06T19:44:19.894-04:002019-05-06T19:44:19.894-04:00Very good, but give it to me in bolivars for a 1,0...Very good, but give it to me in bolivars for a 1,000 bolivar item & you have it.RTEnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-71343187095866705422019-05-06T19:42:11.119-04:002019-05-06T19:42:11.119-04:00A $6.00 board in the US X 261.18% = 15.67+6.00 wou...A $6.00 board in the US X 261.18% = 15.67+6.00 would cost $21.67 ? US<br /><br />JRnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-71044260343913483182019-05-06T19:40:08.224-04:002019-05-06T19:40:08.224-04:00Very close. You forgot to add in one thing. Add ...Very close. You forgot to add in one thing. Add it in & you have it.RTEnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-61618569090560949472019-05-06T19:36:28.620-04:002019-05-06T19:36:28.620-04:00Doug, here's the corrected solution: 2.6118 x...Doug, here's the corrected solution: 2.6118 x 1000 = 2611.8 Bolivars<br />PBnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-1506935864533125442019-05-04T23:51:29.872-04:002019-05-04T23:51:29.872-04:00The rich didn’t double their personal income in ab...The rich didn’t double their personal income in absolute terms. They doubled their share of a declining Venezuela total income which is quite a bit different. Please look @ the graph again to see this.<br /> <br />The cost of a stick of chewing gum is important because it illustrates hyperinflation rates that will be coming to America if Venezuelan type socialism takes hold here as is possible with all the socialist propaganda that is being spoken by Democrat politicians & approved of by the American masses. I wrote the quiz because I thought it was important for everyone to visualize what a stick of chewing gum could cost @ these types of inflation rates. It should not be dismissed lightly.<br />RTEnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-91885108598105841252019-05-04T19:53:34.285-04:002019-05-04T19:53:34.285-04:00You have the right idea but misread the graph &...You have the right idea but misread the graph & the commentary “consumer price inflation was 261.18% higher in January than December”. The solution is easier than you show. Please update & you have it.RTEnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-80831508764354242562019-05-04T19:48:17.455-04:002019-05-04T19:48:17.455-04:00Here's the quiz solution:
(261.18 - 175.0) x ...Here's the quiz solution:<br /><br />(261.18 - 175.0) x 1000 = 86.18/100 x 1000 = 861.8 Bolivars<br />Therefore the cost of one stick of gum that cost 1,000 Bolivars in Jan. cost 1,861.8 at the end of the month.PBnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-75561719877499453862019-05-04T19:43:26.874-04:002019-05-04T19:43:26.874-04:00I don’t know about the stick of gum but my questio...I don’t know about the stick of gum but my question is how do the rich double their income in 5 years while the rest of the country becomes impoverished? SRKnoreply@blogger.com