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.
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