Refer to the above table. Two countries have per capita real GDPs in 2

Refer to the above table. Two countries have per capita real GDPs in 2010 of $5000. If country A has a 4 percent growth rate and Country B a 5 percent growth rate, what will the per capita real GDPs of each be in the year 2060?

A) A: $15,000; B: $30,000 B) A: $40,000; B: $60,000
C) A: $35,550; B: $57,500 D) A: $24,000; B: $35,200

ANSWER

C