Question: 1984 2017 For this question, I will ask you to compare the price of gasoline from the year 1984 (when I was taking Economics

1984 2017 For this question, I will ask you to compare the

1984 2017 For this question, I will ask you to compare the price of gasoline from the year 1984 (when I was taking Economics is college) compared to now (the year you are taking this course). Please find out the average price of gasoline from 1984 and now (please cite your source.) Then, find the CPI for 1984 and now. Using this information, please tell me how much gas in 1984 would now cost. What are you actually paying? Are you getting a good price compared to 1984? This topic is worth 6 points and graded as follows: Source 1 pt gas price 1984 1 pt gas price current year 1 pt cpi index 1984 1 pt cpi index current year 2 pts analysis, conclusion, and source citation Year Analysis/Conclusion Nominal Price Gas CPI Real Price Gas Using Current Xr. As Base Year

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YearNominal Price GasCPIReal Price Gas Using Current Yr As Base Year 19841131076267 201724124014241 AnalysisConclusion In 1984 the average price of ga... View full answer

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