What cost $4000 in 1987 would cost $7573.99 in 2010. Also, if you were to buy exactly the same products in 2010 and 1987, they would cost you $4000 and $2071.71 respectively.
from the inflation calculator online: The question that the interviewer asks on the beach is not: would you have a cell phone if it cost 4k, but would you have it if it was $7573.
What cost $4000 in 1987 would cost $7573.99 in 2010.
ReplyDeleteAlso, if you were to buy exactly the same products in 2010 and 1987,
they would cost you $4000 and $2071.71 respectively.
from the inflation calculator online: The question that the interviewer asks on the beach is not: would you have a cell phone if it cost 4k, but would you have it if it was $7573.
People keep forgetting the "Fed effect"...