Real GDP Per Person in Richland Is $20,000, While Real

question 26

Multiple Choice

Real GDP per person in Richland is $20,000, while real GDP per person in Poorland is $10,000. However, Richland's real GDP per person is growing at 1 percent per year, and Poorland's real GDP per person is growing at 3 percent per year. After 50 years, real GDP per person in Richland minus real GDP in Poorland is:

• A)positive and greater than $10,000.
• B)positive but less than $10,000.
• C)zero.
• D)negative.

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Definitions:

Economic Prosperity

A state of flourishing or thriving economically, often characterized by wealth, success, and high standard of living within a country or region.

American Freedom

The ideals, rights, and liberties associated with being a citizen of the United States, often centered around concepts like democracy, equity, and freedom of expression.

National Boundaries

Defined lines that mark the territorial limits of a nation and separate it from neighboring countries.

Texas

A state in the southern United States, known for its large size, diverse landscapes, and significant contributions to American history, economy, and culture.