Assume That Both Japan's and the United States' Average Annual

question 60

Multiple Choice

Assume that both Japan's and the United States' average annual per capita GDP growth rates are 2 percent per year, and both countries began with an initial per capita GDP of $1,000. However, the United States has been growing since 1910 and Japan only since 1960. In 2010, the United States would have been ________ than Japan.

• A) 0.37 times poorer
• B) 99 times richer
• C) 2.69 times richer
• D) 4,555 times richer
• E) 0.269 times poorer

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Definitions:

Entrance Strategies

Plans or methodologies used by businesses to enter new markets or industries effectively.

Collaborative Effort

The act of working with someone else or a group to achieve or do something.

Framework

a basic structure underlying a system, concept, or text, intended to provide support and guidance.

Globalization

The process of interaction and integration among people, companies, and governments worldwide.