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There Are Two Countries on a Peninsula

Question 57

Multiple Choice

There are two countries on a peninsula. The first has a per capita annual growth rate of 2%, and its neighbor to the south has an annual growth rate of 5%. How much sooner will the country in the south double its GDP per capita than its neighbor in the north?


A) 5 years
B) 10 years
C) 15 years
D) 21 years

Correct Answer:

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