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Economics

An economy consists of 100 households. The first 30 households (group A) have $30,000 of income each in period 1, and $50,000 of income each in period 2. The second 70 households (group B) have $40,000 of income each in period 1, and $20,000 of income each in period 2. What is the present value of income from both periods from a household in group B?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91674795

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