question archive In 1923, the Weimar government in Germany faced a hyperinflation crisis due to the reparation after World War I
In 1923, the Weimar government in Germany faced a hyperinflation crisis due to the reparation after World War I
Subject:EconomicsPrice: Bought3
In 1923, the Weimar government in Germany faced a hyperinflation crisis due to the reparation after World War I. According to BBC:
Prices ran out of control: for example, a loaf of bread, which cost 250 marks in January 1923, had risen to 200,000 million marks in November 1923.
Given this statement, what is the (rounded) average daily inflation rate in Germany between January 1923 and November 1923?
(Note: in your computations, assume that 300 days passed between the two dates in January and November)
