-According to the Above Table, If Per Capita Real GDP

question 138

Multiple Choice

-According to the above table, if per capita real GDP is currently $1000, then at a constant annual rate of growth of 8 percent, per capita real GDP ten years from now will be equal to

• A)$2000.
• B)$2140.
• C)$2160.
• D)$2590.

---

Definitions:

Percent

A way of expressing one amount as a fraction of 100, utilized to denote change or comparison between quantities.

Decimal

A number expressed using a decimal system, which includes a point to separate the integer part from the fractional part (e.g., 3.14).

Consecutive Odd Integers

Integers that follow one after another in order and are odd, each differing by two from the next (e.g., 1, 3, 5, ...).

Sum

The result of adding two or more numbers or quantities together.