Multiple Choice
Real GDP per person in the country of Flip is $10,000, and the growth rate is 10 percent a year. Real GDP per person in the country of Flap is $20,000 and the growth rate is 5 percent a year. When will real GDP per person be greater in Flip than in Flap?
A) in 2 years
B) never
C) in 10 years
D) in 15 years
Correct Answer:
Verified
Correct Answer:
Verified
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