Refer to the above table. If an economy’s current per capita real GDP
Refer to the above table. If an economy’s current per capita real GDP is $3,000, and if its economy grows at an constant annual rate of 5 percent for 50 years, what will be its per capita real GDP at the end of that period?
A) $21,330 B) $34,500 C) $55,200 D) $13,140
ANSWER
B
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