Directions: You probably see them in the news all the time—predictions about
prices, jobs, stocks, and other aspects of the economy. Now it's your turn to predict the future! Follow the directions to make and explain an economic prediction for an article you have been asked to write in the Economic News.
1. Choose one item of interest to you in the Historical Pricing Chart on the next
page.
2. Calculate the percent of change of the item's price each decade, and use
your results to determine the average rate of change from 1980–2020.
3. Comment on the trend in your item’s percent of increases.
4. Go shopping! Find the average current price of your item online, in the
newspaper, or locally by looking at the price when you go to the store in the
next day or two. Does the current price match the trend from 1980–2020
that you identified? Explain your thinking.
5. Create a line graph or other visual model to show the pricing trend. Be sure
to include the current price in your model.
6. Predict the item's price at a future date. Use your calculations and visual
model to justify your prediction.
7. Organize your analysis, prediction, explanations, and visual model in a brief
news article. Your completed article will be submitted as your portfolio
assessment.
Historical Pricing Chart*
Item
Us postage stamp
1980
$0.15
1990
$0.25
2000
$0.33
2010
$0.44
2020
$0.55
Someone please help
I finished it on my own but thanks for nothing @Bigfatpig/hippo since you didn't explain or answer the questions at all.
Hi! I am still very smart, so let me helped you
The answer is 2.50$
There you go, tell me if I am right, so I can get some support to help people
Even though I already know I’m right😉