Assume That Mexico's Average Annual Per Capita GDP Growth Rate

Multiple Choice

Assume that Mexico's average annual per capita GDP growth rate is 3 percent per year, while Argentina's is 2.5 percent. Next, assume that both countries began with an initial per capita GDP of $1,000 in 1960. By 2010, per capita GDP would have been ________ in Mexico and ________ in Argentina.

A) $228; $291
B) $3,437; $4,384
C) $4,515; $3,523
D) $4,384; $3,437
E) Not enough information is given.