The headline on a Chronicle of Higher Education article reads College Costs Rise Faster than Inflation. The
Question:
The headline on a Chronicle of Higher Education article reads "College Costs Rise Faster than Inflation." The article states that tuition at public colleges and universities increased by 58% over the past 5 years.
(a) What was the average annual percentage increase over that period of time?
(b) If the real increase in tuition (i.e., without inflation) was 5% per year, what was the inflation rate per year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: