To compare the price of a loaf of bread produced in 1993 with the price of a loaf produced in this year,you should compare the value of the bread in

Question

Quizplus · Accepted Answer

To compare the prices of two different time periods, it is important to use real prices, which account for inflation and changes in purchasing power. Nominal prices, on the other hand, only reflect the current prices without accounting for inflation, which can make it difficult to accurately compare prices over time. Therefore, comparing the value of the bread using real prices is the best choice.

To Compare the Price of a Loaf of Bread Produced