Please answer these 4 related questions!
1. How does the level of employment directly relate to the economic growth of a nation?
2. Inflation changes over time. How does inflation affect the spending power of your money?
3. The Ford Mustang was introduced in 1964. The first models were sold for $2,368. You cannot buy a new 2023 Mustang today for that price. Part of the reason is inflation. Look on the internet for the price of a new Ford Mustang. What is the price you found for a new Ford Mustang?
4. To calculate inflation, you subtract the original price from the current price and divide that number by the original price. Then multipy by 100. Here are two links that show you how to calculate inflation: Link 1 from Indeed.com. Link 2 from mint.com
**For your answer to #4, please calcuate the inflation rate of the price of a Ford Mustang. I am not the math teacher, so I expect you to show me your work! I can't do it in my head and I bet you can't either!!
