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At the Beginning of the Year, One Developing Country (DVC)has

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At the beginning of the year, one developing country (DVC) has a real income per capita of $800. In a developed country (IAC) , the real income per capita is $30,000. Both countries experience a 4 percent growth rate for the year. At the end of the year, the absolute income gap between these two countries will have increased from $29,200 to

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Vintage Railroad

A term for old and often historic rail lines or companies, frequently celebrated or preserved for their cultural heritage.

Capacity

The maximum output that an entity can produce under normal conditions over a certain period of time.

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