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Compute the present value of income in a country between 1870 and 1913 assuming that real GDP per capita grew at a

constant rate between 1870 and 1913 and that the discount rate is 3 percent per year

let's say a country real gdp per capital for 1870 is 1775 and for 1913 is 2736.

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Current year is 2020. 1870 and 1913 are past years for 2020 For 1870 and 1913, 2020 is future, so we have to... View the full answer

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