Assume tuition at Community College cost $1,104 (per semester) in 2004 and $1,356 in 2012. If the price index was 184 in 2004 and 226 in 2012, then we could say:
a) Tuition has decreased in real terms.
b) Tuition has remained constant in real terms.
c) Tuition has increased in real terms.
d) Tuition has no correlation with the price index.
