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Year Index 2007 207.3 2008 215.3 2009 214.5 2010 218.1 2011 224.9 2012 229.6 2013 233.0 2014 236.7 2015 237.0 2016 240.0 2017 245.1 2018

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Year Index 2007 207.3 2008 215.3 2009 214.5 2010 218.1 2011 224.9 2012 229.6 2013 233.0 2014 236.7 2015 237.0 2016 240.0 2017 245.1 2018 251.1 2019 255.7 (a) Calculate the inflation rate for 2007-2008, 2008-2009. 2014-2015. and 2015-2016. (b) Which years had inflation? (c) Which years had deflation? 4. If tuition keeps increasing at the same rate as in 2019-2020 (see Front Page Economics "[ College Tuition Up Again"), how much will it cost to complete a degree at a private college in four years (2019-2023)? LO7-2 cent per year

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