Go to the Bureau of Labor Statistics website athttp://www.bls.gov, scroll down to the bottom of the page and click on "Inflation Calculator." (Inflation Calculator)(Links to an external site.)

See what $5000 in the year of your birth (or just any other year is fine) would buy today. Explain the data in detail.

1. What has changed and why?

2. How do you expect income changed with the price level?

Also, Community college in 1989-1991, the cost of a unit at community college was $11 per unit or $33 per 3-unit class.

3. How much would community college tuition cost now if tuition increased with the rate of inflation per unit/per class (use the inflation calculator and explain)?

4. How much does community college tuition (For this campus) actually cost now? How has it increased compared to inflation?

5. What does this mean for students in 2019 versus students in 1990? (Think of therealcost of tuition here/purchasing power).

Please take the time to reflect and explain in detail. Include specific data from the calculator to support your answer.