This Year,real GDP Per Person in Country a Is Eight

question 26

Multiple Choice

This year,real GDP per person in Country A is eight times real GDP per person in Country B.If Country B's real GDP per person grows at a rate of 5 percent,about how many years will it take for Country B to reach the level of real GDP per person in Country A in this year?

• A)14 years
• B)28 years
• C)56 years
• D)42 years
• E)It will never reach Country A's level of GDP per person.

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Definitions:

Unsuspecting Buyer

A consumer who purchases goods or services without being aware of all the relevant information, often leading to disadvantageous situations.

Auto Transmission

A type of vehicle transmission that automatically changes gear ratios as the vehicle moves, without input from the driver.

Adverse Selection

A situation in insurance and other markets where buyers and sellers have different information, leading those more likely to produce negative outcomes to participate more actively.

Quality Assurance

The process of ensuring that products and services meet certain quality standards or requirements before they are offered to customers.