asked 222k views
0 votes
in order to compare the price of gasoline in the 1970s with the price in any other year, you have to adjust for

asked
User Capybara
by
8.5k points

1 Answer

1 vote

Answer:

Overall Inflation

Step-by-step explanation:

In order to compare prices of any good at two different years, you should always adjust for overall inflation. Inflation is the overall increase in value of goods over a period, which means that a unit of currency buys less goods at the current year than it did at the previous year.

answered
User Jaebum
by
7.7k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.