Ask Question
1 August, 01:16

in order to compare the price of gasoline in the 1970s with the price in any other year, you have to adjust for

+5
Answers (1)
  1. 1 August, 03:46
    0
    Overall Inflation

    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “in order to compare the price of gasoline in the 1970s with the price in any other year, you have to adjust for ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers