An IAC (Industrially Advanced Country)had a Per Capita Income of $28,200

question 34

Multiple Choice

An IAC (industrially advanced country) had a per capita income of $28,200, while a DVC (developing country) had a per capita income of $1,200 in a given year. If both countries experience a per-capita-income growth of 2 percent, then their respective per-capita-income levels one year later will become

• A)$33,840 and $1,440.
• B)$28,764 and $1,224.
• C)$33,840 and $1,224.
• D)$28,764 and $1,440.

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Definitions:

Accurate

Definition: Precisely correct or exact in details.

Cent

The smallest denomination of currency in many countries, representing 1/100th of the basic unit of currency.

Significant Figures

The number of digits in a value that contribute to its accuracy, typically used in scientific measurements.

Percent

A ratio or fraction out of 100 representing a part of a whole.