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Compare a 30000 income in 1975 to that in 2015 and analyze


Compare a $30,000 income in 1975 to that in 2015, and analyze the following questions:

  • How is the availability of products expected to change over the years?
  • How is the quality of products likely to change over the years?
  • How would your standard of living change over the years?
  • Given a choice, would you choose to live in 1975? Why or Why not?

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Macroeconomics: Compare a 30000 income in 1975 to that in 2015 and analyze
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