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Evaluate the part of the cpi

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Reference no: EM131638623

Question: The cost of college. The part of the CPI that measures the cost of college tuition (1982-84 = 100) was 552.9 in September 2007. The overall CPI was 208.5 that month.

(a) Explain exactly what the index number 552.9 tells us about the rise in college tuition between the base period and September 2007.

(b) College tuition has risen much faster than consumer prices in general. How do you know this?

Reference no: EM131638623

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