Question

Go to this website (http://www.measuringworth.com/ppowerus/) for the Purchasing Power Calculator at Measuring Worth.com. How much money would it take today to purchase what one dollar would have bought in the year of your birth?

Short answer

$\$1.65$ money would it take today to purchase what one dollar would have bought in the year of birth.

Step-by-step solution

Step 1. Purchasing Power.

Purchasing power is thegoods and services an individual can avail of with the amount of money they earned or, they have.

Step 2. Calculation.

Suppose the year of birth is $2000$,

$\$1$from $2000$has a relative inflated worth of$\$1.65$ as of today.

Today $\$1$from $2000$has a relative income worth of $\$1.81$, $\$2.13$, or $\$1.99$.

Today $\$1$from $2000$has a relative project worth of $\$2.34$.