Suppose That Country a and Country B Each Had the Same

question 158

Multiple Choice

Suppose that Country A and Country B each had the same per capita real Gross Domestic Product (GDP) of $10,000 in 2008. Country A's per capital real Gross Domestic Product (GDP) had a growth rate of 3 percent per year and Country B's per capital real Gross Domestic Product (GDP) had a growth rate of 4 percent per year. By 2013, the per-capita real Gross Domestic Product (GDP) for the two countries, respectively, were

• A)$11,941 and $12,653.
• B)$11,593 and $12,167.
• C)$10,300 and $10,400.
• D)$14,000 and $16,000.

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Definitions:

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