-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:

Cross-cultural Communication

The practice of recognizing and understanding the differences and similarities across cultures to communicate effectively in a global context.

Economic Values

The principles or standards guiding the allocation, distribution, and consumption of resources within a society or economy.

Conflict Management

The process of identifying and addressing differences that, if left unchecked, could affect objectives.

Domination

The exertion of control or influence over others by an individual or group, often in a way that limits freedom.