Suppose That Country a and Country B Each Had the Same

question 31

Multiple Choice

Suppose that Country A and Country B each had the same per capita real Gross Domestic Product (GDP) of $10,000 in 2013. Country A's per capital real Gross Domestic Product (GDP) had a growth rate of 3 percent per year and Country B's per capital real Gross Domestic Product (GDP) had a growth rate of 4 percent per year. By 2018, the per-capita real Gross Domestic Product (GDP) for the two countries, respectively, were

• A) $11,941 and $12,653.
• B) $11,593 and $12,167.
• C) $10,300 and $10,400.
• D) $14,000 and $16,000.

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Definitions:

Sense of Self

The way an individual perceives themselves, their traits, beliefs, and personality.

Empty Nest

A phase in the life of parents where their children have grown up and left home, often leading to significant lifestyle and emotional adjustments.

Parenthood

The state or experience of being a parent and the responsibilities it entails.

Adult Children

Individuals who are legally adults but are considered children from the perspective of their relationship to their parents.