ECONOMICS: Per Capita Personal Income In the short run, per capita personal income (PCPI) in the United States grows approximately linearly. In 1990 PCPI was 19.4, and in 2005 it had grown to 34.4 (both in thousands of dollars).
Source: Bureau of Economic Analysis
a. Use the two given (year, PCPI) data points (0, 19.4) and (15, 34.4) to find the linear relationship y = mx + b between x = years since 1990 and y = PCPI.
b. Use your linear relationship to predict PCPI in 2020.
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