Real GDP Per Person in Both Alpha and Omega Is

question 82

Multiple Choice

Real GDP per person in both Alpha and Omega is equal to $2,000. Over the next 100 years, real GDP per person grows at a 1 percent annual rate in Alpha and at a 2 percent annual rate in Omega. After 100 years, real GDP per person in Alpha is ________ smaller than real GDP per person in Omega.

• A)$2,000
• B)$5,410
• C)$9,080
• D)$11,080

---

Definitions:

Defective Merchandise

Products that are flawed or malfunctioning and do not meet the warranted or expected standard of performance or safety.

Credit Card Applications

Formal requests submitted by individuals seeking to open a credit card account, requiring financial information to evaluate creditworthiness.

Open-end Credit

A revolving credit line that allows a borrower to spend up to a certain limit, repay it, then borrow again.

Annual Percentage Rate (APR)

The annual rate charged for borrowing or earned through an investment, which reflects the actual yearly cost over the term of a loan.