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Unformatted text preview: in 1990. A movie ticket in 2010 cost $8.00.
13. Calculate the purchasing power equivalent of a movie ticket in 1990:
14. Calculate the purchasing power equivalent of a movie ticket in 2010:
15. Did the inflation adjusted price of a movie ticket increase or decrease from 1990 to
16. The sales price for an F-150 pickup truck was $22,000 in 2012. What would have
been the sticker price for an F-150 pickup truck in 1950 if the truck cost the same amount
of money in terms of purchasing power as a truck in 2012?
(Help: sticker price in 1950 x Purchasing power converter, 1950 = $22,000) What you want to figure
out. Figure it out right here:
d) 3,575.15 Look it up in
Table 1 of
Economics" The price of a n
F-150 pickup in
2010 7 17. What factors other than monetary cost should you consider when comparing a 1950
truck with a 2012 truck?
a) Technology differences; Interest rates in 1950 vs. 2012; Ignition system
technology; Air conditioning
b) Holiday discounts and promotions; Ignition system technology; Air
conditioning; Automatic transmissions
c) Technology differences; Tire quality in 1950 vs. 2012; Ignition system
technology; Air conditioning; Automatic transmissions 18....
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- Spring '08