HW Set #2/95-Solutions
b. Which country would have higher income in 36 years: country A that begins with income of $3,000, increasing at an annual rate of 4 percent a year or country B that begins with income of $6,000, increasing at an annual rate of 2 percent a year? What about in 72 years? c. A country’s income begins at $10,000 and rises to $20,000 in 18 years. ................
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