Countries are concerned about small changes in their average annual gr

Countries are concerned about small changes in their average annual growth rates in per capita income because

A) growth rates are a factor in U.N. participation.
B) the power of compounding means small changes have large effects over time.
C) growth rates tend to decline over time.
D) the faster a country grows today, the less it will be able to consume in the future.

ANSWER

B