Refer to the above table. Suppose one country has a per capita ...

[burton19126]

Refer to the above table. Suppose one country has a per capita real GDP of 1000 and another has a per capita real GDP of 10,000, or ten times larger.
 
  If both countries have a growth rate of 5 percent, how much larger will per capita real GDP be in the second country be than the first after 50 years?
  A) 8 times larger B) 5 times larger C) 10 times larger D) 4 times larger

Question 2

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

[dmurph1496]

Answer to Question 1

C

Answer to Question 2

C