Suppose That Country a and Country B Each Had the Same

question 158

Multiple Choice

Suppose that Country A and Country B each had the same per capita real Gross Domestic Product (GDP) of $10,000 in 2008. 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 2013, 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:

German Chancellor

The head of government in Germany, responsible for setting policy direction and leading the executive branch.

French President

is the head of state of France, elected by the public for a five-year term, and is responsible for determining the country's policies and direction, in conjunction with the government.

American Exceptionalism

The belief that the United States has a special mission to serve as a refuge from tyranny, a symbol of freedom, and a model for the rest of the world.

Hurricane Katrina

A devastating Category 5 hurricane that struck the Gulf Coast of the United States in August 2005, causing widespread destruction and loss of life.