Class 9: We are indeed richer

Today, Mr Rizzo used lots of data and graph to show us that we are indeed richer as compared to the past. The income that we have now has seriously understates the extent and magnitude of economic growth as things get cheaper, we spend half of our budget on only necessities as compared to those from 1750. These space, however, is free out for other expenditure, making our lifestyle even luxurious and enjoyable than the past.