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In 1870, the U.S. had an average income of about $2758 and the U.K. of about $3463. In 1999, the figures were $30,600 and $22,640, respectively. If each country grew at a constant rate over these years, in which year did the U.S. overtake the U.K. in terms of average income?

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Business Economics, Economics

Category:- Business Economics
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