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Consider the following two scenarios. Scenario 1 - Uninterrupted Growth Per capita GDP starts at $713 and grows by 5.9% each year for 3 years.

Consider the following two scenarios.

Scenario 1 - Uninterrupted Growth

Per capita GDP starts at $713 and grows by 5.9% each year for 3 years. Then it continues to grow at 5.9% for 74 more years.

Scenario 2 - A Depression Before Growth

Per capita GDP starts at $713 but a recession lasting for 3 years shrinks GDP per capita by 16% for each of those years. Then the economy recovers and grows by 5.9% for the next 74 years.

How muchlower is per capita GDP at the end of Scenario 2 compared to Scenario 1?

Note: If the Great Depression never happened, and the U.S. experienced normal growth over those years instead, GDP per capita today might be as high as $180,000. Since our GDP per capita is more like $60,000 today, that means we have $120,000 less per person today because of the Depression. So, with those numbers, my answer to this question would be "120,000".

TL;DR - Enter your answer as a positive number, not a negative one.

Round your final answer to two decimal places.

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