What is the present value of income from both periods

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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?

Reference no: EM13981028

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