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Refer to the News Wire and answer two questions. _______________ NEWS WIRE: PRICE EFFECTS ___________________________ College Costs Keep Rising The price of attending college has

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Refer to the 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, instate tuition at fouryear public colleges rose to $16,566 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. a. the nominal price of college tuition increase per year? i: % b. the real price of college tuition increase per year? C196

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