Answered step by step
Verified Expert Solution
Question
1 Approved Answer
News Wire and answer two questions. NEWS WIRE: PRICE EFFECTS College Costs Keep Rising The price of attending college has gone up again. According to
News Wire and answer two questions. NEWS WIRE: PRICE EFFECTS College Costs Keep Rising The price of attending college has gone up again. According to the nonprofit College Board, in-state tuition at four-year public colleges rose to $10,560 this year, up another $120 from last year. Tuition at private colleges is up to nearly $38,000 a year, a hike of 2.1 percent. Over the last 10 years, college tuition has increased by 4.5 percent a year, while average consumer prices have risen by only 1.3 percent a year. These tuition hikes are making college attendance increasingly expensive and difficult for many families. Source: The College Board, October 26, 2020, www.collegeboard.org. According to the News Wire, during the past 10 years, by what percentage did Instructions: Round your responses to one decimal place. the nominal price of college tuition increase per year? % the real price of college tuition increase per year? %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started