Multiple Choice
This year,real GDP per person in Country A is eight times real GDP per person in Country B.If Country B's real GDP per person grows at a rate of 5 percent,about how many years will it take for Country B to reach the level of real GDP per person in Country A in this year?
A) 14 years
B) 28 years
C) 56 years
D) 42 years
E) It will never reach Country A's level of GDP per person.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: U.S.real GDP in 2007 was $13.25 trillion
Q22: Economic growth in Cuba has been slow;what
Q23: The production function graphs the relationship between<br>A)nominal
Q24: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -The above figure
Q25: The productivity curve shifts upward when<br>A)physical capital
Q27: When the labor market is in equilibrium,<br>I.the
Q28: Households increase the quantity of labor supplied
Q29: The law of diminishing marginal returns states
Q30: Economic growth is slow or absent in
Q31: In 2008,real GDP in the United States