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3 . Suppose you considered the purchase of a new car which cost $35,000 in 2022. Use the price index (i.e., the GPD deflator) in
3 . Suppose you considered the purchase of a new car which cost $35,000 in 2022. Use the price index (i.e., the GPD deflator) in Table 10 to get an estimate of what a comparable car would have cost in the year of your birth.Table 10A 'GDP Defiat PRICES, INTEREST RATES, WAGES, AND EXCHANGE RATES 2L Average Hourly Earnings Real ($2022) Major Currencies Index Wage |Growth| Value of Growth Level | Rate Dollar Rate : 2 _ | hale Table 10B PRICES, INTEREST RATES, WAGES, AND EXCHANGE RATES _ Nominal | Real (2022) Major Currencies Index Nominal Price | Inflation| Interest Rate Wage | Growth| Wage Growth| Value of Growth Level | Rate Level Rate Dollar Rate Year| Index Level
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