Multiple Choice
This year Iceland has a real GDP per person that is approximately 8 times greater than that of Cape Verde.Cape Verde's growth rate of real GDP per person was 5.2 percent.If Cape Verde maintains this current growth rate,approximately how many years will it take for Cape Verde's real GDP per person to reach the same level that Iceland has this year?
A) 13.5 years
B) 20 years
C) 27 years
D) 40 years
E) 54 years
Correct Answer:
Verified
Correct Answer:
Verified
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