According to the college board the average in state tuition and fees for public four year colleges and universities increased from $1780 in 1990 to $9650 for the 2016-2017 school year. Calculate the relative change in public college cost over this time period, and compare it to the overall rate of inflation as measured by the CPI ( given that CPI for 1990 was 130.7 and 2016 was 240.0)

ECON MACRO
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ISBN:9781337000529
Author:William A. McEachern
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Chapter7: Unemployment And Inflation
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According to the college board the average in state tuition and fees for public four year colleges and universities increased from $1780 in 1990 to $9650 for the 2016-2017 school year. Calculate the relative change in public college cost over this time period, and compare it to the overall rate of inflation as measured by the CPI ( given that CPI for 1990 was 130.7 and 2016 was 240.0)
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