In 1971, the Cost of a Four-Year College Degree from a Public

Multiple Choice

In 1971, the cost of a four-year college degree from a public university was about $1,410. The consumer price index was 40.48 in January 1971. If the current consumer price index is 251.1, what is the approximate cost of the four-year degree in current dollars?

A) $8,746
B) $1,410
C) $227
D) $9,422