during the worst period of hyperinflation in a certain country, the price of food increase at a rate of 25% per month. State whether this increase was linear or exponential?
Accepted Solution
A:
Answer:ExponentialStep-by-step explanation:Linear growth occurs when a quantity grows by the same absolute amount in each unit of timeExponential growth occurs when a quantity grows by the same relative amount, that is,by the same percentage in each unit of timeThus according to the defined terms during the worst period of hyperinflation in a certain country, the price of food increase at a rate of 25% per month is exponential ....