Country A and Country B initially have the same real GDP per capita.Country A experiences no economic growth,while Country B grows at a sustained rate of 7 percent.In 12 years,how will Country B's GDP compare to that of Country A's?

Question

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After 12 years, Country B's GDP will have grown approximately 2.02 times the initial value (taking into account compounding with the 7 percent growth rate). In contrast, Country A will have remained at the same level. Therefore, Country B's GDP will be approximately double (or slightly more than double) that of Country A's.

Country a and Country B Initially Have the Same Real