Monday, October 25, 2010

how much does it cost now

1.an average household earned 19,070.00 dollar in march, 1979. how much would that income be in september. 2010
A:59,562.60
2.in february, 1985 the cist of a gallon of milk was 2.26dollar. in september of 2010, how much would that gallon of milk cost?
A:4.65
3. in january, 1950 the minimum wage was 0.75dollar. what should the minimum wage be in september
A:6.97

3 Item i compared
1. ipod touch
2.pencil
3. A corn
1. ipod touch was  in 299$ in2007.how much would that be in 2010 328.53$
2. A dozen of pencil. in2010 is 2.05$. how much woul this cost in 2000 2.65$
3. A dozen of cornin 1987 is3.05$ how much would this cost in 2010 2.05$

I'm going to explain about inflation

Most of people think inflation is when some items prices goes up they think it's inflation but atcually it's when the money's value fell like when there are two peole and only one ticket for movie ticket seller will sell the ticket whoever pays more , so one person pays 50dollar and other pay 20.person who pays more will get ticket and even when one person pays 1000 and other pays 900 the ticekt will go to first person ,so inflation happen when there are too much money and to little items. inflation effects many things in market if you want buy ipod but you didn'y have enough money ,so you worked hard. 5years later its prices doubled so you have to work hard. If this keep happen the rate of poor and rich people will expand.
                        

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