Consider the data set for total fall enrollment in degree-granting postsecondary institutions. Use these data to demonstrate how the demand for postsecondary education has changed in the past 20 years. a. Using the data set, identify total fall enrollment for each of the given periods. Total fall enrollment in 1996 was students. Total fall enrollment in 2001 was students. Total fall enrollment in 2006 was students. Total fall enrollment in 2011 was students. Total fall enrollment in 2016 was students. b. Plot each data point identified in part a to graphically illustrate the trend in overall postsecondary education enrollment.

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Chapter7: Production Economics
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Total fall enrollment in degree-granting postsecondary institutions, by level of institution: 1995 through 2016
Total enrollment Enrollment 4-year Enrollment 2-year Enrollment private Enrollment private
Year
all institutions public institutions public institutions nonprofit institutions for-profit institutions
|1995
14,261,781
5,814,545
5,277,829
2,929,044
240,363
|1996
14,367,520
5,806,036
5,314,463
2,942,556
304,465
1997
14,502,334
5,835,433
5,360,686
2,977,614
328,601
1998
14,506,967
5,891,806
5,245,963
3,004,925
364,273
1999
14,849,691
5,977,678
5,398,061
3,055,029
418,923
2000
15,312,289
6,055,398
5,697,388
3,109,419
450,084
2001
15,927,987
6,236,455
5,996,701
3,167,330
527,501
2002
16,611,711
6,481,613
6,270,380
3,265,476
594,242
2003
16,911,481
6,649,441
6,209,257
3,341,048
711,735
2004
17,272,044
6,736,536
6,243,576
3,411,685
880,247
2005
17,487,475
6,837,605
6,184,229
3,454,692
1,010,949
2006
17,758,870
6,955,013
6,225,120
3,512,866
1,065,871
2007
18,248,128
7,166,661
6,324,119
3,571,150
1,186,198
2008
19,102,814
7,331,809
6,640,344
3,661,519
1,469,142
2009
20,313,594
7,709,198
7,101,570
3,767,672
1,735,154
2010
21,019,438
7,924,108
7,218,063
3,854,482
2,022,785
2011
21,010,590
8,048,145
7,068,158
3,926,819
1,967,468
2012
20,644,478
8,092,602
6,792,065
3,951,388
1,808,423
2013
20,376,677
812,0437
6,626,411
3,971,390
1,658,439
2014
20,209,092
825,7108
6,397,552
3,997,249
1,557,183
2015
19,988,204
8,348,539
6,224,304
4,065,891
1,349,470
2016
19,841,014
8,741,896
5,841,076
4,077,797
1,180,245
Transcribed Image Text:Total fall enrollment in degree-granting postsecondary institutions, by level of institution: 1995 through 2016 Total enrollment Enrollment 4-year Enrollment 2-year Enrollment private Enrollment private Year all institutions public institutions public institutions nonprofit institutions for-profit institutions |1995 14,261,781 5,814,545 5,277,829 2,929,044 240,363 |1996 14,367,520 5,806,036 5,314,463 2,942,556 304,465 1997 14,502,334 5,835,433 5,360,686 2,977,614 328,601 1998 14,506,967 5,891,806 5,245,963 3,004,925 364,273 1999 14,849,691 5,977,678 5,398,061 3,055,029 418,923 2000 15,312,289 6,055,398 5,697,388 3,109,419 450,084 2001 15,927,987 6,236,455 5,996,701 3,167,330 527,501 2002 16,611,711 6,481,613 6,270,380 3,265,476 594,242 2003 16,911,481 6,649,441 6,209,257 3,341,048 711,735 2004 17,272,044 6,736,536 6,243,576 3,411,685 880,247 2005 17,487,475 6,837,605 6,184,229 3,454,692 1,010,949 2006 17,758,870 6,955,013 6,225,120 3,512,866 1,065,871 2007 18,248,128 7,166,661 6,324,119 3,571,150 1,186,198 2008 19,102,814 7,331,809 6,640,344 3,661,519 1,469,142 2009 20,313,594 7,709,198 7,101,570 3,767,672 1,735,154 2010 21,019,438 7,924,108 7,218,063 3,854,482 2,022,785 2011 21,010,590 8,048,145 7,068,158 3,926,819 1,967,468 2012 20,644,478 8,092,602 6,792,065 3,951,388 1,808,423 2013 20,376,677 812,0437 6,626,411 3,971,390 1,658,439 2014 20,209,092 825,7108 6,397,552 3,997,249 1,557,183 2015 19,988,204 8,348,539 6,224,304 4,065,891 1,349,470 2016 19,841,014 8,741,896 5,841,076 4,077,797 1,180,245
Supply and Demand: By The Numbers
Consider the data set for total fall enrollment in degree-granting postsecondary institutions. Use these data to demonstrate how
the demand for postsecondary education has changed in the past 20 years.
a. Using the data set, identify total fall enrollment for each of the given periods.
Total fall enrollment in 1996 was
students.
Total fall enrollment in 2001 was
students.
Total fall enrollment in 2006 was
students.
Total fall enrollment in 2011 was
students.
Total fall enrollment in 2016 was
students.
b. Plot each data point identified in part a to graphically illustrate the trend in overall postsecondary education enrollment.
Transcribed Image Text:Supply and Demand: By The Numbers Consider the data set for total fall enrollment in degree-granting postsecondary institutions. Use these data to demonstrate how the demand for postsecondary education has changed in the past 20 years. a. Using the data set, identify total fall enrollment for each of the given periods. Total fall enrollment in 1996 was students. Total fall enrollment in 2001 was students. Total fall enrollment in 2006 was students. Total fall enrollment in 2011 was students. Total fall enrollment in 2016 was students. b. Plot each data point identified in part a to graphically illustrate the trend in overall postsecondary education enrollment.
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