Price indexes can be used to compare prices across different periods. Suppose that a year o tuitions for colleges at public institutions averaged a cost of $1,817 in 1989 and that the CPI index was 114 in 1989. If the CPI index was 225 in 2009, then the cost of tuition in 2009, then the cost of tuition in 2009, as the result of inflation would equal $___.(Enter your response rounded to the nearest whole number) suppose that the actual average cost of tuition in 2009 was $6,893. Relative to the expected cost computed above, the cost of tuition increased by ___ the amount of inflation

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Given CPI 1989 114 CPI 2009 225 P 2009 CPI 2009 ... View the full answer