Question

document 7 source : the college board. trends in college pricing 2014 as stated in the note the dollar amounts on the graph are adjusted for inflation when economists compare prices over long periods of time why is it helpful to have the prices adjusted for inflation

Answer 1

By adjusting the price for inflation, it would be helpful to uncover the real growth, if there is any. It may stabilize the variance of random or seasonal fluctuations and highlight cyclical patterns in the data.

What is the college board?

College board was founded in 1900, that had the main purpose of expanding the access to the higher education.

It is a mission-driven and non-profit organization that connects the students to the college success and opportunity.

It provides help to the million of students for preparing a successful transition to the college.

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