Tuition at a community college cost $2,000 per semester in 2015 and $2,100 in 2018. If the consumer price index (CPI) was 237.0 in 2015 and 251.1 in 2018, then we could say tuition has remained constant increased at exactly the same rate as inflation. increased more slowly than inflation. decreased increased much more rapidly than inflation.

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14-12-2022
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Tuition at a community college cost $2,000 per semester in 2015 and $2,100 in 2018. If the consumer price index (CPI) was 237.0 in 2015 and 251.1 in 2018, then we could say tuition has remained constant increased at exactly the same rate as inflation. increased more slowly than inflation. decreased increased much more rapidly than inflation.

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ranjithgowdavt ranjithgowdavt · Answer 1 · 2022-12-23T11:21:36+01:00

We could say that when the consumer price index was 237.0 in 2015 and 251.1 in 2018 tuition at a community college has remained constant and increased at exactly the same rate as inflation. The correct option is a.

What is the consumer price index?

Consumer price index refers to a price index, the price of a weighted average market basket of consumer goods and services purchased by households. Changes in measured consumer price index track changes in prices over time. It is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically.

The consumer price index is also known as CPI.

Learn more about price, here:

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