Multiple Choice
Suppose two countries have per capita real GDP of $20,000 in 1995.Country A has a growth rate of 4 percent and Country B has a growth rate of 5 percent.By 1998,the per capita real GDPs for the two countries respectively are (rounded up)
A) $21,630 and $22,050.
B) $22,400 and $23,000.
C) $22,500 and $23,150.
D) $22,400 and $25,000.
Correct Answer:
Verified
Correct Answer:
Verified
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