Suppose That,in 1950,Japan Had an Initial Per Capita GDP of $12,000

Multiple Choice

Suppose that,in 1950,Japan had an initial per capita GDP of $12,000 per year and China had a per capita GDP of $5,000.But China is growing at 5 percent per year and Japan is growing at 2 percent per year.__________ is richer in 2000 with a per capita GDP of approximately __________.

A) Japan;$32,299
B) Japan;$57,337
C) China;$57,337
D) China;$137,608
E) Not enough information is given.