Multiple Choice
Assume tuition at Houston Community College cost $588 (per semester) in 2004 and $813 in 2012.If the price index was 184 in 2004 and 226 in 2012,then we could say
A) tuition has increased more slowly than inflation.
B) tuition has increased more rapidly than inflation.
C) tuition has increased at about the same rate as inflation.
D) nominal tuition has decreased.
E) tuition suffers from menu costs due to inflation.
Correct Answer:
Verified
Correct Answer:
Verified
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