Use the Following to Answer Questions

question 87

Multiple Choice

Use the following to answer questions :
Scenario: Growth Rates in Two Countries
India is growing at a rate of 9% per year, and its real GDP per capita is about $3,500, while the United States is growing at a rate of 3% per year, and its real GDP per capita is about $47,000.
-(Scenario: Growth Rates in Two Countries) Look at the scenario Growth Rates in Two Countries. About how much will India's real GDP per capita be in 20 years?

• A)$19,600
• B)$56,000
• C)$14,000
• D)$28,000

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Definitions:

RUPA

The Revised Uniform Partnership Act, which governs the operation of partnerships in the United States.

Limited Liability

A legal principle that shields an investor's personal assets from being used to satisfy the debts and liabilities of the business, typically applicable in corporations and limited liability companies.

Partnership Business

A partnership business is a type of business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a partnership agreement.

Partnership Capital

Refers to the total resources contributed by partners to a partnership for the purpose of starting or maintaining the business operations.