Someone living on $3 per day in the present would have $1,095 for the whole year. A modern day studio apartment in any major city costs more than that per month. How can we say that ancients who lived in Rome in 1 A.D. in a two bedroom dwelling in a nice location in the city were living on the equivalent of $3 per day in modern times? O The $3 per day estimate does not included the cost of shelter. Modern apartments are expensive due to inflation, and the price is not directly comparable to ancient apartments. Modern studio apartments have amenities (e.g. air conditioning/heat, windows, electricity) unavailable to the ancients which explain the difference. O Even the largest ancient cities were much smaller than typical American cities today.