Question

help pwease..........

can someone explain to me what a constant dollar amount means

Answer 1

no.

Answer 2

it means a dollar amount that does not change

Answer 3

Using the CPI.xls, convert each of the 1950 incomes to constant 1998 dollars and compare the salaries of baseball players and the average household to each other and to their actual 1998 values. Put the constant dollar values in your word document.

Answer 4

no it doesn't are you bad?

Answer 5

i have no clue what they mean when they use it in that term

Answer 6

@yomamabf you need to tell us what CPI.xls is
@PhysicsPanther you have already been warned about posting irrelevant comments in others posts. Do so again an you will be suspended.

Answer 7

i thought the warning was for this one/

Answer 8

See http://en.wikipedia.org/wiki/Constant_dollars

Answer 9

I assume your spread sheet CPI.xls will do this for you. Here is a site that also changes dollar values
http://data.bls.gov/cgi-bin/cpicalc.pl