. Grade 4, Illustrative icon

Carnival Tickets

Illustrative MathematicsVaries

The purpose of this task is for students to solve multi-step problems in a context involving a concept that supports financial literacy, namely inflation. Inflation is a sustained increase in the average price level. In this task, students can see that if the price level increases and people's incomes do not increase, they aren't able to purchase as many goods and services. If the price level rises and people's incomes increase at a slower rate, their purchasing power increases but not as much as if their income increases at the same rate as the cost of goods and services.

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