Exponential Growth of 2% Inflation

The Bank of Canada aims at holding the inflation rate at 2%. What really does that mean for the average Canadian over the next seventy years or so?

Should you choose to accept, your home work is to watch the following videos and answer the following questions.

Starting at 2010, when will prices double with the growth of inflation at 2%?

When will it double again?

With Gasoline at $1.15 a liter in 2010, what will a liter cost in 2105?

The answer to these and other questions will be added to this post on November 19th, 2010

Part 1:  http://www.youtube.com/watch?v=F-QA2rkpBSY&feature=related

Part 2:  http://www.youtube.com/watch?v=Pb3JI8F9LQQ&NR=1

Part 3:  http://www.youtube.com/watch?v=CFyOw9IgtjY

Part 4:  http://www.youtube.com/watch?v=yQd-VGYX3-E

Part 5:  http://www.youtube.com/watch?v=t-X6EpvWWu8

Part 6:  http://www.youtube.com/watch?v=-3y7UlHdhAU

Part 7:  http://www.youtube.com/watch?v=RyseLQVpJEI

Part 8:  http://www.youtube.com/watch?v=VoiiVnQadwE

~~~~~~~~~~~~~~~~~~~~~~~~~

Comments to the author are welcomed.
david.ealing@gmail.com