(Answered) Compare a 30000 income in 1975 to that in 2015 and analyze

Economics

Compare a $30,000 income in 1975 to that in 2015, and analyze the following questions:

How is the availability of products expected to change over the years?
How is the quality of products likely to change over the years?
How would your standard of living change over the years?
Given a choice, would you choose to live in 1975? Why or Why not?

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Macroeconomics, Economics

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