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The following table shows inflation rates for several decades into 2020 dollars. Time span 1980-2020 1990-2020 2000-2020 2010-2020 Inflation 232% 102% 53% 19% The following
The following table shows inflation rates for several decades into 2020 dollars.
Time span | 1980-2020 | 1990-2020 | 2000-2020 | 2010-2020 |
Inflation | 232% | 102% | 53% | 19% |
The following table shows the nominal (unadjusted) prices for gold over several years. Complete the table showing gold prices in constant 2020 dollars. (Round to the nearest cent.) Show your work below the table. [(5 x 0.2)(table) + (4 x 1)(work) = 5 pt]
Year | 1980 | 1990 | 2000 | 2010 | 2020 |
Nominal (unadjusted) price per ounce | $516.92 | $381.73 | $273.68 | $1179.25 | $1636.35 |
Constant (adjusted) price per ounce in 2020 dollars |
1a. 1980 $516.92 | |
1b. 1990 $381.73 | |
1c. 2000 $273.68 | |
1d. 2010 $1179.25 | |
1e. 2020 $1636.35 | It is not necessary to adjust the 2020 price, but you must still fill in the table above in constant 2020 dollars! |
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