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Let's examine what the graph of the admission price in 2018 constant dollars tells you about admission increases over the years. (2 points each) a.
Let's examine what the graph of the admission price in 2018 constant dollars tells you about admission increases over the years. (2 points each)
a. From 1971 - 1981 is the adult price of admission growing faster, slower, or at the same rate as inflation? How do you know?
b. From 1981 - 1987 is the adult price of admission growing faster, slower, or at the same rate as inflation? How do you know?
c. How would you describe what is happening with the admission price from 1988 - 2018 in terms of inflation?
This is the graph
Year | Wage |
1971 | $3.50 |
1972 | $3.75 |
1973 | $4.50 |
1974 | $5.25 |
1975 | $6.01 |
1976 | $6.01 |
1977 | $6.01 |
1978 | $6.50 |
1979 | $7.01 |
1980 | $8.01 |
1981 | $9.50 |
1982 | $15.00 |
1983 | $17.00 |
1984 | $18.00 |
1985 | $21.50 |
1986 | $26.00 |
1987 | $28.00 |
1988 | $28.00 |
1989 | $29.00 |
1990 | $31.00 |
1991 | $33.00 |
1992 | $34.00 |
1993 | $35.00 |
1994 | $36.00 |
1995 | $37.00 |
1996 | $38.50 |
1997 | $39.75 |
1998 | $42.00 |
1999 | $44.00 |
2000 | $46.00 |
2001 | $48.00 |
2002 | $50.00 |
2003 | $52.00 |
2004 | $54.75 |
2005 | $59.75 |
2006 | $67.00 |
2007 | $71.00 |
2008 | $75.00 |
2009 | $79.00 |
2010 | $82.00 |
2011 | $85.00 |
2012 | $89.00 |
2013 | $95.00 |
2014 | $99.00 |
2015 | $105.00 |
2016 | $110.00 |
2017 | $115.00 |
2018 | $122.00 |
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