-Refer to the Above Table

question 224

Multiple Choice

-Refer to the above table. Two countries have per capita real GDPs in 2010 of $5000. If country A has a 4 percent growth rate and Country B a 5 percent growth rate, what will the per capita real GDPs of each be in the year 2060?

• A)A: $40,000; B: $60,000
• B)A: $35,550; B: $57,500
• C)A: $24,000; B: $35,200
• D)A: $15,000; B: $30,000

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Definitions:

Secrete Hormones

The process by which certain glands and cells release substances (hormones) directly into the blood or tissues to regulate bodily functions.

Capacity Allocation

The process of distributing available production or service capacity among various products, services, or customers.

Supply Chain Performance

An assessment of how well a supply chain meets its goals of efficiency, speed, cost-effectiveness, and customer satisfaction.

Capacity Decisions

Decisions concerning the amount of resources, such as space, equipment, and labor, that an organization allocates to its operations or processes.