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Refer to the article “The Value of Money” in your Money, Money, Money magazine for a complete version of this text.

What can readers determine from the “Inflation vs. Wages” graphic on page 31? Drag the correct answer into the box.

User Steven Hepting
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Answer:

The readers can determine from the “Inflation vs. Wages” graphic on page 31 that "The graphic shows that many people can no longer afford housing".

What is inflation?

Inflation can be defined as the persistent rise in the general price of goods and services in a country within a short period of time.

When there is inflation, this means prices increase without a proportional increase in income of people, thereby reducing their purchasing power and savings.

Individuals will not have the ability to buy the quality and quantity of what they want because of the low income.

The complete question:

What can readers determine from the “Inflation vs. Wages” graphic on page 31?

Drag the correct answer into the box.

A) The price to buy a home has gone up rapidly compared to the rise in wages.

B) The graphic shows that many people can no longer afford housing.

C) Housing costs have increased because wages for builders have increased.

Step-by-step explanation:

User Rahul Shelke
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