-According to the above table, if per capita real GDP is currently $1000, then at a constant annual rate of growth of 8 percent, per capita real GDP ten years from now will be equal to
A)$2000.
B)$2140.
C)$2160.
D)$2590.

Question

-According to the above table, if per capita real GDP is currently $1000, then at a constant annual rate of growth of 8 percent, per capita real GDP ten years from now will be equal to
A)$2000. 
B)$2140. 
C)$2160. 
D)$2590.

Quizplus · Accepted Answer

Per capita real GDP will be $1000 * (1 + 0.08)^10 = $2160.

-According to the Above Table, If Per Capita Real GDP