In 1975 Tuition at Wattsomata University Was $2,500 and the Consumer

question 88

Multiple Choice

In 1975 tuition at Wattsomata University was $2,500 and the consumer price index was 80.In 2011 tuition was $12,000 and the price index was 320.Which of the following is correct?

• A)Nominal and real tuition were both higher in 1975.
• B)Nominal and real tuition were both higher in 2011.
• C)Nominal tuition was higher in 1975,real tuition was higher in 2011.
• D)Nominal tuition was higher in 2011,real tuition was higher in 1975.

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Definitions:

Age 18

Represents the age at which an individual is often considered a legal adult in many countries, gaining new rights and responsibilities.

Poverty Rate

The percentage of the population living below the poverty line, which is typically defined as the income threshold below which an individual or family is considered unable to meet basic needs for living.

More Education

The process or approach of acquiring additional knowledge, skills, values, beliefs, and habits through various means such as schooling, training, or research.

John Rawls

A philosopher known for his contributions to political and moral philosophy, especially in his theory of justice as fairness.