An IAC (Industrially Advanced Country)had a Per Capita Income of $28,200

Multiple Choice

An IAC (industrially advanced country) had a per capita income of $28,200, while a DVC (developing country) had a per capita income of $1,200 in a given year. If both countries experience a per-capita-income growth of 2 percent, then their respective per-capita-income levels one year later will become

A) $33,840 and $1,440.
B) $28,764 and $1,224.
C) $33,840 and $1,224.
D) $28,764 and $1,440.