-Refer to the Above Table

question 254

Multiple Choice

-Refer to the above table. Suppose one country has a per capita real GDP of $1000 and another has a per capita real GDP of $10,000, or ten times larger. If both countries have a growth rate of 5 percent, how much larger will per capita real GDP be in the second country be than the first after 50 years?

• A) 4 times larger
• B) 5 times larger
• C) 8 times larger
• D) 10 times larger

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Definitions:

Consumer Behavior

The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts these processes have on the consumer and society.

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Laws and guidelines aimed at protecting the environment by controlling pollution levels, managing natural resources, and enforcing sustainable practices among individuals and businesses.

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