1. The price of a typical laptop computer has fallen from $2,000 in 1985 to $800 today....

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1. The price of a typical laptop computer has fallen from $2,000 in 1985 to $800 today. At the same time, the consumer price index has risen from 100 to 280. Adjusting for inflation, how much did the price of laptops change? Does this answer seem right to you, or is it missing something?

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Principles Of Macroeconomics

ISBN: 9781324034001

4th Edition

Authors: Dirk Mateer, Lee Coppock

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