Suppose That,in 1950,Japan Has an Initial Per Capita GDP of $15,000

Multiple Choice

Suppose that,in 1950,Japan has an initial per capita GDP of $15,000 per year and China has a per capita GDP of $2,500.But China is growing at 7 percent per year and Japan is growing at 2 percent per year.In 2005,__________ is the lower-income country,with a per capita GDP of approximately __________.

A) China;$73,642
B) China;$40,374
C) Japan;$40,374
D) China;$6,729
E) Japan;$73,642