The cost of undergraduate (university) education in Canada has risen in recent years. These tables show the

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The cost of undergraduate (university) education in Canada has risen in recent years. These tables show the average cost of tuition for Canadian full-time students for the academic years that began in 2015 and 2016, measured in current dollars, and the consumer price index (CPI) in 2010 and 2011.

Average tuition for Canadian full-time students Consumer Price Index (2002 = 100) by province (current dollars) 2016 201


a. Calculate the percentage change in average tuition from 2015 to 2016 in Canada and in each province.

b. Calculate the percentage change in the CPI from 2015 to 2016 in Canada and in each province.

c. Did an average Canadian undergraduate student find that his or her tuition fees increased faster than the overall cost of living? Does your answer depend on which province the student lived in?

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Macroeconomics

ISBN: 978-1319120054

3rd Canadian edition

Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson

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