India Is Growing at a Rate of 9% Per Year

question 203

Multiple Choice

India is growing at a rate of 9% per year, and its real GDP per capita is about $3,500, while the United States is growing at a rate of 3% per year, and its real GDP per capita is about $47,000. About how much will India's real GDP per capita be in 20 years?

• A) approximately $20,000
• B) approximately $56,000
• C) approximately $14,000
• D) approximately $30,000

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