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A hundred years ago, one unit of currency A was worth 1.2 units of currency B. Currently, one unit of A buys 109.8 units of
A hundred years ago, one unit of currency A was worth 1.2 units of currency B. Currently, one unit of A buys 109.8 units of B. If the compound annual rate of inflation in the country of currency A was 3.7% over the last century, what is your best estimate of the compound annual rate of inflation (in percent) in the country of currency B over the same period assuming PPP
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