Real GDP per person in both Alpha and Omega is equal to $2,000. Over the next 100 years, real GDP per person grows at a 1.5 percent annual rate in Alpha and at a 2.5 percent annual rate in Omega. After 100 years, real GDP per person in Alpha is ________ smaller than real GDP per person in Omega.
A. $5,410
B. $2,000
C. $8,864
D. $14,763
Answer: D
Economics
You might also like to view...
What is comparative advantage? Give an example
What will be an ideal response?
Economics
An individual deposits a certain amount in a bank. The amount deposited is referred to as ________
A) interest B) principal C) installment D) time value of money
Economics
The largest share of demand for loanable funds comes from the government that wants to borrow money for deficit financing
a. True b. False Indicate whether the statement is true or false
Economics
Government action will often result in the counterproductive use of resources because
What will be an ideal response?
Economics