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Inflation Project

Published on Nov 24, 2015

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PRESENTATION OUTLINE

INFLATION PROJECT

ROBERT DINKINS, GRACELYN PARKER, FEMI MCCRAY, TYLER LEE

WHAT IS INFLATION

  • Inflation is the rate that usual prices for goods and services rises.
  • During inflation, there is a loss in currency value because there is more money than there are goods.
Inflation is the rate that usual prices for goods and services rises. As a result, the power of purchasing is falling. Sever inflation can cause too much change in the costs of goods and services. During inflation, there is a loss in currency value because there is more money than there are goods. Inflation is often an indication that the economy has grown.

EFFECTS OF INFLATION

  • The effect of inflation on society is that if its high, people do not want to buy a lot of goods during that time.
The effect of inflation on society is that if its high, people do not want to buy a lot of goods during that time. Business and factories that produce goods will lose consumers and as a result of that, people will lose their jobs. When the government tampers with the price of taxes, they have effect on inflation.
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Product Comparison

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AT&T

Facts about the company
AT&T as we know has been around for a while now. A company like AT&T get a lot of money for their consumers when it come to paying for phone plan.
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AT&T

AT&T's traditional service plan, requires customers to commit to a two-year contract in exchange for buying a device at a subsidized price. So instead of paying $600 or $700 for a smartphone, a consumer can get the phone for $200, so long as they agree to pay AT&T a monthly service fee for two years. If a customer decides to leave AT&T before the two year contract is up, he has to pay a hefty early termination fee.
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Untitled Slide

Stats
I research the annual cost of the two year contract fee in 2015 . It came out as $80 per month.
I also researched the price of the same contract in 2013. The cost of the contract plan was the same $80 per month.

Madden Franchise

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Madden Video Games

Madden 15 - 26.99

Madden 25 - 23.88

Madden 13 - 29.98

Mention how Madden 13 is generally considered a better game than its decedents.

GAS PRICES

ATLANA, GA & MIAMI, FL

Untitled Slide

The following table compares the current average gas price statewide between New York, California and Texas. As of this writing, the result is as you would expect… Texas gas prices are lower than New York and much lower than California.

At first glance, you might think that it is purely a function of the proximity of oil wells. After all, Texas is known for its oil wells. However, after a bit of reflection you might think refinery location would actually be more important. After all, if oil has to be shipped long distances to a refinery and then the gas has to be shipped back, it isn’t going to help the local price of gas.

GAS PRICES - REGULAR GAS

Yes, Texas has 28 refineries, but California has 17 refineries, and New York doesn’t have any. Although New Jersey has 6 (although 3 of them have been closed) and Pennsylvania has 6 more that are operating. Therefore distance to refineries is not a significant factor for any of the three states we are looking at.

California - 3.196

New York - 2.675

Texas - 2.307

NBA Tickets

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NBA Tickets

The New York Knicks have been one of the worst teams in the NBA but they are the ones whose tickets are the most. The factors that could include is popularity and a chance at seeing certain people while at the games

Untitled Slide

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