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.

---

Definitions:

General Legal Principles

Foundational rules and concepts that underpin the law and legal system.

Law Firm

A business entity formed by one or more lawyers to engage in the practice of law, offering legal representation, advice, and other services to clients.

Aptitude Tests

Exams standardized to evaluate a person's capability in learning and obtaining skills and knowledge.

Intelligence Tests

Standardized tests designed to measure a person's ability to think, reason, and solve problems.