
-Refer to the above table. Two countries have per capita real GDPs in 2010 of $5000. If country A has a 4 percent growth rate and Country B a 5 percent growth rate, what will the per capita real GDPs of each be in the year 2060?
A) A: $40,000; B: $60,000
B) A: $35,550; B: $57,500
C) A: $24,000; B: $35,200
D) A: $15,000; B: $30,000
Correct Answer:
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Q42: Suppose two countries have identical growth rates
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A) if
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