Real GDP Per Person in Northland Is $30,000, While Real

question 46

Multiple Choice

Real GDP per person in Northland is $30,000, while real GDP in Southland is $10,000, However, Northland's real GDP per person is growing at 1 percent per year, and Southland's real GDP per person is growing at 3 percent per year. If these growth rates persist indefinitely, then:

• A)Northland's real GDP per person will decline until it equals Southland's.
• B)Northland's real GDP per person will always be between 1 and 2 percent greater than Southland's.
• C)Southland's real GDP per person will always be exactly 2 percent less than Northland's.
• D)Southland's real GDP per person will eventually be greater than Northland's.

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Definitions:

Secondary Circular Reactions

The stage in Piaget's theory of cognitive development, occurring from about 4 to 8 months, where infants repeat actions that produce effects on the environment, showing early intentionality.

Goal

A desired result or outcome that an individual or system aims to achieve through a process of planning and effort.

Environment

The surrounding conditions and factors that affect living organisms, including natural elements and human-made influences.

Tertiary Circular Reactions

A stage in Piaget's theory of development where infants (12-18 months) experiment with new behaviors to see the outcomes, indicating the beginning of intentional actions.