The amount that college students spend annually depends quite a bit on the type of college or university attended. For example, a two-year community college tends to be less expensive than a private four-year university.Continue Reading
The major yearly costs involved with attending college include tuition and fees, room and board, books and supplies, transportation and other miscellaneous expenses.
A student who attends a two-year community college should expect to spend about $16,000 per year. A student who attends an in-state, public, four-year university will pay around $23,000 per year. A student who attends an out-of-state, public, four-year university should budget for approximately $36,000 per year, and a student who attends a private four-year university can expect to spend nearly $45,000 per year.Learn more about Economics
Total utility is the total amount of utility gained from the total amount of a resource consumed, while marginal utility is the amount of utility gained from the consumption of each unit of a resource. Total utility tends to suffer from diminishing returns, where the additional utility of each unit of a resource consumed is reduced after the first. Utility is not a truly objective measurement, and estimates of both marginal and total utility are largely subjective.Full Answer >
The public debt is the total amount of money that is owed by the government. The value changes on a daily basis, and it builds up or reduces in time. It builds up as a result of running the economy.Full Answer >
Net exports are negative when a country imports a greater amount of goods than it exports. A county's net exports amount, often referred to as NX, is determined by subtracting the value of its imports from the value of its exports. If the result is a negative number, the country is importing, or purchasing, more foreign goods than it is exporting and selling.Full Answer >
Almost 50 percent of college students in the United States drop out of school before obtaining a degree, according to Reuters. The drop-out rate at private college is even higher at 78 percent. College students are considered dropped out when they do not obtain a degree after six years of full-time study.Full Answer >