Suppose Real GDPs in Hauck and Meran Are Identical at $10

question 110

Multiple Choice

Suppose real GDPs in Hauck and Meran are identical at $10 trillion in 2000.Suppose Hauck's economic growth rate is 2% and Meran's is 4% and the rates remain constant over time.Calculate the percentage difference in their levels of potential output in 2036.

• A)There will be no difference in their levels of potential output.
• B)Meran's potential output will be 50% higher than that of Hauck's.
• C)Hauck's potential output will be 100% higher than that of Meran's.
• D)Meran's potential output will be 100% higher than that of Hauck's.

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