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Chapter 7 Problem Set Use the following data to answer the question Prices That Rose in 2016 (8) Prices That Fell in 2016 (%) Train

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Chapter 7 Problem Set Use the following data to answer the question Prices That Rose in 2016 (8) Prices That Fell in 2016 (%) Train fares 7.4% ERST ELLER -21.1% Apples -6.8 Televisions -19.2 Textbooks +4. 7 G asoline 11.5 Cable TV +3.7 Milk Cigarettes +3.6 Air fares -3.3 College tuition +2.7 Coffee -3.0 Oranges -0.7 Bananas -1.8 Average inflation rate: +1.3% 4.6 Instructions: Enter your response rounded to one decimal place. References By how much did the pace of tuition hikes exceed the 2016 average rate of infiation

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