ECON 201 – New House, Movie Ticket, Gasoline, Milk

1. The table below provides the prices for select items 50 years ago versus prices today (these are national averages, so it might seem too low for us Californians). 1968 2017 New House $14,975 $188,900 New Car $2,822 $33,560 Movie Ticket $1.50 $8.84 Gasoline $0.34 $2.32 Milk $1.21 $3.24 Federal Minimum Wage $1.60 $7.25 The […]

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