California's GDP per capita is $60,000,while Nevada's GDP per capita is $40,000.If both grow at 2 percent per year,how long will it take for the two states to have the same GDP per capita?

Question

Quizplus · Accepted Answer

The GDP per capita of both states grows at the same rate (2% per year), so the absolute difference in their GDP per capita remains constant over time. They will never reach the same GDP per capita.

California's GDP Per Capita Is $60,000,while Nevada's GDP Per Capita