Answer:
<em>You feel envious of older generations and wish you could buy a new car for $1,500. Because you are focusing on</em><em> </em><em><u>nominal</u></em><em> </em><em>dollar amounts rather than </em><em><u>real</u></em><em> dollar amounts, you are failing to recognize that the</em><em> </em><em><u>real</u></em><em> </em><em>price of your grandmother's car in today’s dollars would </em><em><u>greater than</u></em><em> </em><em>$1,500.</em>
Inflation makes the value of a currency i.e. the dollar, become less valuable overtime because it is eroding the currency's value. When a currency is adjusted for the effects of inflation, we see the real value of the currency but when it is not, this is the nominal value.
In the text above, the $1,500 is the nominal value in the past. If this value were to be adjusted for inflation in terms of today's dollars, it would show a greater amount than $1,500 because inflation has diminished the value of $1,500 such that it is not worth as much as it was worth in your grandmother's time.
Answer:
always be it and never fail
Explanation:
Answer and explanation:
Here is one of the key notes,
Even the Department of Defense recognizes that getting things done quickly now requires working around the system.
From the article it was stated that bureaucratic processes are agonizingly slow and this problem is being addressed by new defense department organization. These two organizations are the Defense Digital Service and Defense Innovation Unit Experimental.
Answer:
invest, save and make passive income
Explanation:
I think the best way to earn money is to invest even if you don't have money there are a lot of ways that you can earn starting from 0. if you made it in your first thousand I think it's the best if you save it from now and use it in future investment even if you have enough you can now earn and even hire people from your business (if you want to start one) and you can invest at the same time you can have now a passive income from your business adding that to your investment which you will earn more and grow your business.