Exhibit F Source: The College Board, Trends in College Pricing, 2014. Note: The dollar amounts in this document are adjusted for inflation. The graph uses "2014 dollars," meaning that the prices in 2014 serve as the base and the prices from previous years are adjusted to account for the inflation that occurred over the time period shown. Average College Tuition, Fees, Room & Board in 2014 Dollars $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 1975 1980 1985 1890 1985 2000 2005 2010 2015 1. What does this graph show on its vertical (y) and horizontal (x) axes? Tuition fees on y , years on x 2. What are the three different types of colleges shown on this graph? From your general knowledge, give two examples of each type. 3. As stated in the note, the dollar amounts on the graph are adjusted for inflation. When economists compare prices over long periods of time, why is it helpful to have the prices adjusted for inflation? 4. According to the graph, which college type is the most expensive and which type is the least expensive over the time period