14. 2018 8.3 hours 1 day
1980 196 hours 24 days
Reduced
95.8%
187.7
Hours
Saved
24x
15. In 1980 you invite 100 guests for dinner
The cost per guest is $10
The total bill is $1,000
In 2018 you invite 71 percent more guests but the
cost per guest has fallen by 72 percent.
What is the bill?
171 x $2.80
= $478.80
Your bill has fallen by over 52 percent
16. It’s simple calculus.
This universe is finite,
its resources, finite.
If life is left
unchecked, life will
cease to exist.
It needs correcting.
22. The power of
population is
indefinitely greater
than the power in
the earth to produce
subsistence for man.
Thomas Malthus
23. For the earth is full, and there is enough and
to spare; yea, I prepared all things, and have
given unto the children of men to be agents
unto themselves.
- D&C 104:17
42. 1980 2018
Percentage
Change Source or Equation
Nominal Price $0.40 $0.79 97.5% World Bank
GDP per Capita $2,507 $11,464 357.3% World Bank
Hours Worked 2,166 1,965 -9.3% The Conference Board
GDP per Capita
per Hour
$1.16 $5.83 404.1%
GDP per Capita ÷ Hours
Worked
Time Price in
Hours
0.346 0.135 -60.8%
Nominal Price ÷ GDP per
Capita per Hour
Time Price in
Minutes
21 8 -60.8% Time Price in Hours x 60
43.
44. Percentage Change
Time Price Multiplier
Percentage Change Time Price Multiplier
Compounded Annual Growth Rate
Years to Double
45. How many units of an item the same
time would purchase at different
points in times?
Time Price 1980
Time Price 2018
Time Price Multiplier
TPM =
46. Time Price -60.8%
Time Price Multiplier 2.55
Percentage Change 155%
Compound Annual
Growth Rate
2.50%
Years to Double 28.1
1980 - 2018
Oranges
50. Price Elasticity of Population
1980 - 2018
= - 1.016
For every one percent increase in
population, prices declined around one
percent
- 72.3%
=
%∆ in Time Prices
%∆ in Population +71.2%
52. In 1980 you invite 100 guests for dinner
The cost per guest is $10
The bill is $1,000
In 2018 you invite 71 percent more guests but the
cost per guest has fallen by 72 percent.
What is the bill?
171 x $2.80
= $478.80
Your bill has fallen by over 52 percent
74. On what principle is it
that with nothing but
improvement behind us,
we are to expect
nothing but
deterioration before
us?”
Thomas Babington Macaulay
