Business
Business, 03.09.2021 21:20, jaylola

An economy is experiencing high inflation. In this economy the price level P(t) has doubled after one year, that is, the price new level is P(t+1)=2×P(t). A resident in this economy bought one Bitcoin at a total cost of $50,000 at the beginning of year t and sold it by $87,500 at the end of year t, what was the real rate of return on your investment?

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