Suppose Thailand grows at a rate of 8 percent, Malaysia grows at a rate of 6 percent, and both countries have the same initial per capita output level. Using the rule of 72, it follows that in 36 years Thailand's per capita output will be:
A) 25 percent larger than Malaysia's per capita output.
B) 33 percent larger than Malaysia's per capita output.
C) 50 percent larger than Malaysia's per capita output.
D) 100 percent larger than Malaysia's per capita output.
Correct Answer:
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