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What about the distortion caused by improvements in goods

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What about the distortion caused by improvements in goods? Do you think that is a serious problem in measurement? Back in the 1970's my Dad purchased an early calculator. It handled addition, subtraction, multiplication, and division. It cost nearly $100. Phones have a similar challenge as do cars and even airport bathrooms. If your raise last year was 2% and inflation was 2% did you break even? Or did your life improve?

Reference no: EM132405803

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