What Will Be the Cost of Gasoline for a 4,700-Mile

question 104

Short Answer

What will be the cost of gasoline for a 4,700-mile automobile trip if the car gets 41 miles per gallon, and the average price of gas is $2.79 per gallon?

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Definitions:

1929

The year marked by the stock market crash in October, which led to the Great Depression, a severe worldwide economic downturn.

High Inflation

Is a term describing a situation where prices for goods and services rise excessively, reducing purchasing power and potentially destabilizing the economy.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, usually identified by a fall in GDP in two successive quarters.

Supply-Side

A macroeconomic theory arguing that economic growth is most effectively created by lowering taxes and decreasing regulation.