Real GDP Per Person in the Country of Flip Is

question 259

Multiple Choice

Real GDP per person in the country of Flip is $10,000, and the growth rate is 10 percent a year. Real GDP per person in the country of Flap is $20,000 and the growth rate is 5 percent a year. When will real GDP per person be greater in Flip than in Flap?

• A) in 2 years
• B) in 15 years
• C) never
• D) in 10 years

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Definitions:

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