Suppose That Real GDP Per Capita of Monrovia Is $30,000

question 65

Multiple Choice

Suppose that real GDP per capita of Monrovia is $30,000. RGDP per capita in Westova is $15,000. Suppose that rate of growth of real GDP per capita in Monrovia is 3.17% per year and in Westova it is 6.34% per year. Using the rule of 72, calculate how many years it will take for RGDP per capita in Westova to catch up with RGDP per capita in Monrovia.

• A) approximately 11 years
• B) approximately 23 years
• C) approximately 34 years
• D) approximately 46 years

---

Definitions:

True Womanhood

A 19th-century ideology in the United States that idealized women's domesticity, piety, purity, and submissiveness.

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally harmful.

Economic Exploitation

The act of using individuals or resources unfairly for financial gain, often resulting in inequity and injustice.

Nostalgic Memories

Recollections of past times or experiences that evoke feelings of longing, affection, or sentimentality.