Question

14. The cost of undergraduate (university) education in Canada has risen in recent years. These tables show the average cost of tuition for Canadian full-time stu- dents for the academic years that began in 2015 and 2016, measured in current dollars, and the consumer price index (CPI) in 2010 and 2011. Canada Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick Quebec Ontario Manitoba Saskatchewan Alberta British Columbia Average for Canadian full- time students by province (current dollars) 2015 2016 $6,201 $6,373 2,759 2,759 6,130 6,288 6,834 7,218 6,379 2,797 2,851 7,865 8,114 4,013 4,058 6,978 7,177 5,739 5,750 5,397 6,682 Canada Newfoundland and Labrador Prince Edward Island Nova Scotia New Brunswick Quebec Ontario Manitoba Saskatchewan Alberta British Columbia Consumer Price Index - CPI (2002 - 100) 2015 2016 126.6 128.4 129.0 132.5 129.3 130.8 129.3 130.9 125.4 128.2 124.7 125.6 127.4 129.7 126.8 128.4 130.8 132.2 133.7 135.2 120.2 122.4 5,534 a. Calculate the percentage change in average tuition from 2015 to 2016 in Canada and in each province. b. Calculate the percentage change in the CPI from 2015 to 2016 in Canada and in each province. c. Did an average Canadian undergraduate student find that his or her tuition fees increased faster than the overall cost of living? Does your answer depend on which province the student lived in?

Answer 1

a.Canada-(6373-6201)/6201*100=2.77%

N&L-(2759-2759)/2759*100=0%

Prince Edward Island-(6288-6130)/6130*100=2.58%

Nova Scotia-(7218-6834)/6834*100=5.62%

New Brunswick-(6682-6379)/6379*100=4.75%

Quebec-(2851-2797)/2797*100=1.93%

Ontario-(8114-7865)/7865*100=3.17%

Manitoba-(4058-4013)/4013*100=1.12%

Saskatchewan-(7177-6978)/6978*100=2.85%

Alberta-(5750-5739)/5739*100=0.19%

British Columbia-(5534-5397)/5397*100=2.54%

b) Canada-(128.4-126.6)/126.6*100=1.42%

N&L-(132.5-129)/129*100=2.71%

Prince Edward Island-(130.8-129.3)/129.3*100=1.16%

Nova Scotia-(130.9-129.3)/129.3*100=1.24%

New Brunswick-(128.2-125.4)/125.4*100=2.23%

Quebec-(125.6-124.7)/124.7*100=0.72%

Ontario=(129.7-127.4)/127.4*100=1.81%

Manitoba-(128.4-126.8)/126.8*100=1.26%

Saskatchewan-(132.2-130.8)/130.8*100=1.07%

Alberta-(135.2-133.7)/133.7*100=1.12%

British Columbia-(122.5-120.2)/120.2*100=1.91%

c. To overall Canada average tution fees rises faster than overall CPI at 2.77% against CPI of 1.42% but it varies across region like

N&L, Manitoba and Alberta have lower Increase in tuition fees when compared to overall inflation rest all states have the higher tuition inflation than overall cost of living