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)
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)
Chapter7: Unemployment And Inflation
Section: Chapter Questions
Problem 3.7P
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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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