A Dollar Figure from 1908 Is Converted into 2008 Dollars

question 130

True/False

A dollar figure from 1908 is converted into 2008 dollars by dividing the 2008 price level by the 1908 price level, then multiplying by the 1908 dollar figure.

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Definitions:

Stewardship

The responsible management and care of resources or property, often with a focus on conservation and sustainability.

Planetary Management

The active manipulation and management of a planet's environment and resources to ensure sustainability and habitability for its inhabitants.

Inherent Value

The intrinsic worth of something, independent of its utility or application.

Instrumental Value

Refers to the value that something has as a means to a desired or valued end, not valuable in itself but for what it leads to.