Assume Tuition and Fees at North Carolina State University Cost

question 16

Multiple Choice

Assume tuition and fees at North Carolina State University cost $4,259 in 2004 and $7,787 in 2012.If the price index was 184 in 2004 and 226 in 2012,then we could say

• A) tuition has increased more slowly than inflation.
• B) tuition has increased more rapidly than inflation.
• C) tuition has increased at about the same rate as inflation.
• D) nominal tuition has decreased.
• E) tuition suffers from money illusion due to inflation.

---

Definitions:

Guilty Knowledge Test

A psychological assessment tool used to determine whether a person has knowledge only a guilty party would possess.

James-Lange Theory

A hypothesis positing that emotions arise due to physical responses to occurrences.

Two-Factor Theory

A theory in psychology that proposes that emotional experiences arise from a combination of a physiological response and a cognitive interpretation of that response.

Cognitive Activity

Any mental process that involves understanding, processing, and storing information, including perceiving, thinking, and memory.