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30 September, 04:20

in order to compare the price of gasoline in the 1970s with the price in any other year, you have to adjust for

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  1. 30 September, 04:49
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    Overall Inflation

    Explanation:

    In order to compare prices of any good at two different years, you should always adjust for overall inflation. Inflation is the overall increase in value of goods over a period, which means that a unit of currency buys less goods at the current year than it did at the previous year.
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