We adopted a 3 percent discount rate for our Base analysis in this case to reflect reliance on a social rate of time preference discounting concept.
Our Base analysis discount rate amounted to 3 percent.
The stubborn aristocracy and high clergy were anxious to protect their ancient privileges; a burgeoning bourgeoisie longed for reforms that would give them greater opportunity; the peasantry was no longer prepared to bear the burden of feudal extortion; and a growing urban populace of artisans groaned under intolerable hardships.