In 1950,per Capita Real GDP in Argentina Was $1,206 Per

Essay

In 1950,per capita real GDP in Argentina was $1,206 per year and it grew at a constant growth rate of 4.6 percent per year.In Mexico 1950 per capita real GDP was $497,but it grew at a constant rate of 5.6 percent.What would per capita real GDP be in each country in 51 years (2000)? What about in 91 years (2040)? Will per capita real GDP in Mexico ever surpass that in
Argentina? When,approximately? What inference do we make about growth rates from this example?