Suppose That Real GDP Per Capita of Canada Is $32

question 53

Multiple Choice

Suppose that real GDP per capita of Canada is $32 000 and its growth rate is 2% per year and that real GDP per capita of China is $4 000,and its annual growth rate is 7%.How long will it take real GDP per capita of Canada to double?

• A) 35 years
• B) 50 years
• C) 2.25 years
• D) 14 years