Question
Assume that tuition at college A is $10,000 in 2010 and $30,000 in 2022. The price level is 120 in 2010 and 270 in 2022.
Assume that tuition at college A is $10,000 in 2010 and $30,000 in 2022. The price level is 120 in 2010 and 270 in 2022.
Convert the 2010's tuition in 2022 dollars? Answer: The 2010's tuition in 2022 dollars = $___________________ ?
Is tuition in 2022 higher than the tuition in 2010 after adjusting for inflation? (Yes or No)
Compute the inflation rate between 2010 and 2022. (Do not calculate the annual inflation rate.) Answer: The inflation rate between 2010 and 2022 = ____________ % ?
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
