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Suppose that real GDP per capita of a rich country is $40,000. Real GDP per capita in a poor country is $10,000. Suppose that rate of growth of GDP per capita in the rich country is 3.6% per year and in the poor country is 7.2% per year. Using the rule of 72, calculate how many years it will take for real GDP per capita in the poor country to catch up with GDP per capita in the rich country?
Two-Factor Theory
A theory in psychology that posits emotions are based on physiological arousal and cognitive labels.
Triangular Model
A theory in psychology, often referring to the Triangular Theory of Love, which describes love in terms of three components: intimacy, passion, and commitment.
Self-Expansion Theory
A psychological theory proposing that individuals have a fundamental motivation to enhance their efficacy through relationships and experiences, leading to personal growth.
Assortative Mating
The idea that people are attracted to others who are similar to them in some kind of social hierarchy.
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