28981Re: [Czechlist] Re: Dollars
- Nov 29, 2005On Nov 29, 2005, at 3:13 AM, coilinoc wrote:
> If the text was written in 1999, it simply refers to how much anYes. This is a good explanation.
> amount made in the past would be worth in "today's money." It's
> pretty common to say things like XXX made over 10 million USD in
> 1956, which would be worth nearly a billion today, etc....
If they are in 1999 and talking about money made before 1999, then it
means the figure is adjusted for inflation. If they are in 2005 and
talking about money made in 1999, then they mean the figure has not
been adjusted for inflation. What it means depends whether you're in
2005 looking back at 1999 (unadjusted), or in 1999 looking back at
some earlier year (adjusted).
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