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Suppose Paul would pay $15,000 per year for tuition at Intelligentsia University. Books are $2,500 per year and fees are $1,000. If Paul attends the University, he will only be able to work part time so instead of earning $18,000 per year he will earn only $5,000. What is Paul's opportunity cost of attending the university for four years?
Net Capital Outflow
The difference between the domestic country's sale of assets to foreigners and its purchase of assets from foreigners during a specific period.
Loanable Funds
The market model representing the supply and demand for loans, where the interest rate is determined.
Demand
The desire of purchasers to buy a certain good or service, backed by the ability and willingness to pay a specific price.
Real Interest Rate
The interest rate adjusted for inflation, reflecting the true cost of borrowing and the real yield to savers.
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