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Price indexes can be used to compare prices across different periods, Suppose that a year of tuition for college at public institutions averaged a cost
Price indexes can be used to compare prices across different periods, Suppose that a year of tuition for college at public institutions averaged a cost of $1,939 in 1909 and that the CPI index was 125 in 1989 If the CPI index was 215 in 2009, then the cost of tuition in 2009, as the result of Inflation, would equal $ . (Enter your response rounded to the nearest whole number.)Relative to the expected cost computed above, the cost of tuition increased by more than the amount of inflation. more than less than the same as
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