Re al Household Income versus Gasoline Price
From 1990 to 2010, mean real household income increased by about 11.6 percent. During the same period of time, the real price of gasoline increased by 47.9 percent. Therefore, in 2010, individuals were better off in terms of higher income than in 1990; however, in 2010, they were worse off in terms of higher gasoline prices than in 1990.
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