**How did the pace of college tuition hikes compare to the 2019 rate of inflation?**College tuition [Dropdown menu: (Click to select)] , and it differed from the 2019 rate of inflation by [Text box]. ### Analysis of Price Changes in 2019#### Price Increases- **Health Insurance**: +20.5%- **Gasoline**: +12.8%- **Lettuce**: +7.6%- **Cigarettes**: +5.9%- **Hot Dogs**: +4.2%- **College Tuition**: +1.9%- **Bananas**: +0.6%#### Price Decreases- **Televisions**: -20.8%- **Peanut Butter**: -6.0%- **Oranges**: -5.5%- **Apples**: -4.8%- **Eggs**: -4.6%- **College Textbooks**: -3.1%- **Coffee**: -1.4%#### OverviewThe average inflation rate for 2019 was +2.3%. This reflects a general rise in prices, with notable increases in sectors such as health insurance and gasoline. Conversely, prices for electronics like televisions saw significant reductions.

The gradual rise in the average price of goods and services over time in an economy is referred to…

Prices That Rose Health insurance Gasoline Lettuce Cigarettes Hot dogs College tuition Bananas (%) Prices That Fell +20.5 Televisions +12.8 Peanut butter +7.6 Oranges +5.9 Apples +4.2 Eggs +1.9 College textbooks +0.6 Coffee Average Inflation Rate: +2.3% (%) -20.8 -6.0 -5.5 -4.8 -4.6 -3.1 -1.4

Prices That Rose Health insurance Gasoline Lettuce Cigarettes Hot dogs College tuition Bananas (%) Prices That Fell +20.5 Televisions +12.8 Peanut butter +7.6 Oranges +5.9 Apples +4.2 Eggs +1.9 College textbooks +0.6 Coffee Average Inflation Rate: +2.3% (%) -20.8 -6.0 -5.5 -4.8 -4.6 -3.1 -1.4

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

**How did the pace of college tuition hikes compare to the 2019 rate of inflation?**

College tuition [Dropdown menu: (Click to select)] , and it differed from the 2019 rate of inflation by [Text box].

### Analysis of Price Changes in 2019

#### Price Increases
- **Health Insurance**: +20.5%
- **Gasoline**: +12.8%
- **Lettuce**: +7.6%
- **Cigarettes**: +5.9%
- **Hot Dogs**: +4.2%
- **College Tuition**: +1.9%
- **Bananas**: +0.6%

#### Price Decreases
- **Televisions**: -20.8%
- **Peanut Butter**: -6.0%
- **Oranges**: -5.5%
- **Apples**: -4.8%
- **Eggs**: -4.6%
- **College Textbooks**: -3.1%
- **Coffee**: -1.4%

#### Overview
The average inflation rate for 2019 was +2.3%. This reflects a general rise in prices, with notable increases in sectors such as health insurance and gasoline. Conversely, prices for electronics like televisions saw significant reductions.

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