a. a techno freak who loves everything- from cars to hi-fi gadgets
b. a homeowner with a £70,000 mortgage
...and what about...never mind..thank you for yer time innit?
2006-10-12 11:16:59 · 2 answers · asked by Anonymous in Social Science ➔ Economics
a - not much, because technological improvement reduces the real price of technical gadgets. Computers, microwaves, ipods etc are cheaper now than when they were new gadgets.
b -- inflation erodes the real value of debt so it helps the mortgagee. But there wasn't much inflation in the 90s compared with the 70s so not that much of a help in the 90s.
2006-10-15 23:23:55 · answer #1 · answered by MBK 7 · 0⤊ 0⤋
Well A. is potentially going to spend money, and B. could potentially earn money. You figure it out from there.
2006-10-12 11:25:03 · answer #2 · answered by my brain hurts 5 · 0⤊ 0⤋