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Ination Calculator Activity Ination increases the cost of products and services over time. With this activity You will compare today's value of three items (2013

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Ination Calculator Activity Ination increases the cost of products and services over time. With this activity You will compare today's value of three items (2013 median US. income, the 2015 price of a Chevrolet Corvette, and 20 [5 median sale price of a home in the US.) with an approximation of their previous values, assuming a 3% rate of ination. Follow the steps below to calculate the previous value of these three items. Step I: (CPI Ination Calculator): htt :fr'databls. Step 2: Enter the current value of each item (median incomes, Corvettes, homes) in the first open field Step 3: Enter the year that each item was most recentlyr valued (e.g., ZOI S) in the second open eld Step 4: Enter the previous date found in each table row, below. in the third open eld and press calculate Step 5: Write the down the rounded off previous values of the three items in the spaces below Step 6: Write a one-paragraph summary describing what you learned from this activity: U5. Median Household Income

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