Hammer Rita, chapter 9, question 7

In chapter 9, Wheelan begins by explaining GDP and the rise and fall of it. He explains the fact that things essentially aren't getting more expensive as their prices increase. Wheelan uses the example of one's grandma complaining about the price of a chicken. He points out that the time it takes to earn the amount of money to buy the chicken has decreased significantly from two hours and thirty seven minutes (1919) to thirteen minutes (present day). Even though it's logical to say the chicken got more expensive as we say the same for gas, clothes, and other goods, it really hasn't. It's all just a different, more logical way of thinking that I have failed at. It's weird to think that as we see the prices of goods and services increase, our economy is actually growing; we are making things more efficiently and therefore have time to give our attention to other ideas.