If Real GDP in the United States Is Growing at an Annual

question 195

Multiple Choice

If real GDP in the United States is growing at an annual rate of 3.2% per capita and Bolivia's real GDP per capita is growing at a rate of 1.3%,which of the following would we expect in the long run? Assume real GDP per capita in the United States begins at a level above that of real GDP per capita in Bolivia.

• A)Real GDP per capita in the United States will always be 1.9% higher than real GDP per capita in Bolivia.
• B)The difference between the level of real GDP per capita in the United States and real GDP per capita in Bolivia will shrink over time.
• C)The difference between the level of real GDP per capita in the United States and real GDP per capita in Bolivia will increase over time.
• D)The difference between the level of real GDP per capita in the United States and real GDP per capita in Bolivia will always be $1.9 trillion.

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Definitions:

Sex Drives

The basic human desire for sexual activity, influenced by biological, psychological, and social factors.

Happiness

A state of well-being and contentment; the emotional or affective aspect of human flourishing.

Castration

The removal of the testicles in males or ovaries in females, which drastically reduces hormone production, affecting reproduction and secondary sexual characteristics.

Hans Selye

A pioneering Hungarian endocrinologist who identified the stress response as having three stages: alarm, resistance, and exhaustion.