By how much did the change in the price of college tuition differ from the 2019 average rate of inflation? I know it rose but how do I find the percentage?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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By how much did the change in the price of college tuition differ from the 2019 average rate of inflation? I know it rose but how do I find the percentage?
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Problem 07-02 (Algo)
Use the following data for 2019 to answer the question:
Prices That Rose
(%)
Prices That Fell
(%)
Health insurance
+20.5 Televisions
-20.8
Gasoline
+12.8
Peanut butter
-6.0
Lettuce
+7.6
Oranges
-5.5
Cigarettes
+5.9
Apples
-4.8
Hot dogs
+4.2
Eggs
-4.6
College tuition
+1.9
College textbooks
-3.1
Bananas
+0.6
Coffee
-1.4
Average Inflation Rate: +2.3%
Instructions: Round your response to one decimal place. If you are entering a negative number be sure
in front of that number.
By how much did the change in the price of college tuition differ from the 2019 average rate of inflation?
%.
A, and it differed from the 2019 rate of inflation by
rose
The price of college tuition
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2 of 10
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F7
Transcribed Image Text:Saved Problem 07-02 (Algo) Use the following data for 2019 to answer the question: Prices That Rose (%) Prices That Fell (%) Health insurance +20.5 Televisions -20.8 Gasoline +12.8 Peanut butter -6.0 Lettuce +7.6 Oranges -5.5 Cigarettes +5.9 Apples -4.8 Hot dogs +4.2 Eggs -4.6 College tuition +1.9 College textbooks -3.1 Bananas +0.6 Coffee -1.4 Average Inflation Rate: +2.3% Instructions: Round your response to one decimal place. If you are entering a negative number be sure in front of that number. By how much did the change in the price of college tuition differ from the 2019 average rate of inflation? %. A, and it differed from the 2019 rate of inflation by rose The price of college tuition Next > 2 of 10 Prev F7
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