Question

the average price of tuition and fees at private 4-year colleges and universities increased from $8,400 in 1997 to $22,000 in 2015. calculate the relative change in price from 1997 to 2015 and compare it to the overall rate of inflation as measured by the consumer price index. average tuition and fees in private 4-year colleges and universities increased by 162 %. (round to the nearest integer as needed ) the overall rate of inflation was 48 %. (round to the nearest integer as needed.) the increase in tuition and fees in private 4-year colleges was dropdown the overall rate of inflation. dropdown options: less than, greater than, equal to average annual cpi (1982 - 1984 = 100) chart with year and cpi columns: 1982 96.5, 1983 99.6, 1984 103.9, 1985 107.6, 1986 109.6, 1987 113.6, 1988 118.3, 1989 124.0, 1990 130.7, 1991 136.2, 1992 140.3, 1993 144.5, 1994 148.2, 1995 152.4, 1996 156.9, 1997 160.5, 1998 163.0, 1999 166.6, 2000 172.2, 2001 177.1, 2002 179.9, 2003 184.0, 2004 188.9, 2005 195.3, 2006 201.6, 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, 2020 258.8, 2021 271.0

Explanation:

We compare the percentage increase in tuition (162%) with the overall inflation rate (48%). Since 162 > 48, the tuition increase is greater than inflation.

Answer:

greater than