Real GDP Per Person in Northland Is $30,000, While Real

question 46

Multiple Choice

Real GDP per person in Northland is $30,000, while real GDP in Southland is $10,000, However, Northland's real GDP per person is growing at 1 percent per year, and Southland's real GDP per person is growing at 3 percent per year. If these growth rates persist indefinitely, then:

• A)Northland's real GDP per person will decline until it equals Southland's.
• B)Northland's real GDP per person will always be between 1 and 2 percent greater than Southland's.
• C)Southland's real GDP per person will always be exactly 2 percent less than Northland's.
• D)Southland's real GDP per person will eventually be greater than Northland's.

---

Definitions:

Algorithm

A step-by-step procedure or formula for solving a problem or accomplishing some end, often used in computing and mathematics.

Trial And Error

A problem-solving method involving repeated, varied attempts until success is achieved or a solution is found.

Phonemes

The smallest units of sound in a language that can distinguish one word from another, such as the difference between the /p/ and /b/ sounds in "pat" and "bat."

Psycholinguistics

The study of the psychological and neurobiological factors that enable humans to acquire, use, comprehend, and produce language.