In essence, 10 percent yearly inflation means that if something costs one dollar today, it will cost what next year?

$1.10 dollars.

Explanation:

Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.

Having a 10% yearly inflation on a product that costs one dollar means it will have an increase of .10 dollars next year (a tenth of a dollar). Sum both amounts and the result will be $1.10 dollars for the product next year.

assessment is the missing word