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An IAC (Industrially Advanced Country) Had a Per Capita Income

Question 215

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.

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