Briefly discuss whether you would rather live in the United States of 1900 with an income of

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Briefly discuss whether you would rather live in the United States of 1900 with an income of $1,000,000 per year or the United States of 2016 with an income of $50,000 per year. Assume that the incomes for both years are measured in 2016 dollars.

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 07:39 AM

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Briefly discuss whether you would rather live in the United States of 1900 with an income of

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There are some relevant considerations An income of 1000000 represents 20 times more basic purchasin...View the full answer

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