2006-11-25 01:44:01 · 3 answers · asked by brian d 1 in Business & Finance ➔ Other - Business & Finance
The value of a dollar in 1974.
2006-11-25 01:45:55 · answer #1 · answered by boots 6 · 0⤊ 0⤋
Economies are organisms, not machines. In a healthy economy, the monetary base will expand at a rate equal to: (a) the increase in numbers of people in the work force; PLUS (b) the increase in productivity of the work force. For example, the U.S. population typically grows at 2-3% annually, and recently that work force has been using technology, etc., to increase its productivity by an additional 2-3% each year. As a result of the expanding economy, we have 'inflation', which is to say that the amount of 'money' circulating around is expanding at a rate of 4-6% annually. As the monetary base expands, the value of a "dollar" falls at the same rate. The important thing to remember is (a) we have inflation of our dollar, and the value of any monetary asset decreases over time; and (b) this is usually GOOD NEWS, since it means we're growing. Note that when inflation is greater than the total of the two factors identified above, we have a problem in that it is not sustainable.
2006-11-25 20:39:54 · answer #2 · answered by jack_98 3 · 0⤊ 0⤋
the value of the dollar today compared to a previous date.
A loaf of bread was $1 in 19XX and today that loaf of bread costs $2.22.
i bought a house for $100,000 and sold it last week for $222,000
2006-11-25 09:49:01 · answer #3 · answered by zocko 5 · 0⤊ 0⤋