If the GDP of Country X Is 4 Times the GDP

question 45

Multiple Choice

If the GDP of country X is 4 times the GDP of country Y and if the GDP of country X remains constant while GDP of country Y grows at a rate of 7% per year,which of the following statements is true?

• A) Country Y's GDP will be equal to country X's GDP in 10 years.
• B) Country Y's GDP will be equal to country X's GDP in 20 years.
• C) Country Y's GDP will be equal to country X's GDP in 40 years.
• D) Country Y's GDP will never catch up with country X's GDP.

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Definitions:

Business Loan

A loan specifically intended for business purposes, helping companies finance operations, equipment, expansion, or other business needs.

Lender

An individual, financial institution, or entity that provides funds to another with the expectation that the funds will be repaid, typically with interest.

Shareholders Wealth

The total value of an individual's or entity's ownership stake in a company, typically measured by stock price and dividends.

Financial Goal

A specific monetary target to save, invest, or spend money within a definite period, guiding financial planning and decision-making.