To compare the costs of a college education with its monetary benefits, economists use the concept of

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Economists use present value to compare the costs of a college education with its monetary benefits. Present value is a concept in finance that accounts for the time value of money, allowing for the comparison of costs and benefits in different time periods. This is particularly useful when considering the costs of a college education, which are usually incurred in the present, while the benefits accrue over a longer period of time.

To Compare the Costs of a College Education with Its