Suppose that Country A and Country B each had the same per capita real

Suppose that Country A and Country B each had the same per capita real Gross Domestic Product (GDP) of $10,000 in 2008.

Country A’s per capital real Gross Domestic Product (GDP) had a growth rate of 3 percent per year and Country B’s per capital real Gross Domestic Product (GDP) had a growth rate of 4 percent per year. By 2013, the per-capita real Gross Domestic Product (GDP) for the two countries, respectively, were
A) $10,300 and $10,400. B) $11,593 and $12,167.
C) $14,000 and $16,000. D) $11,941 and $12,653.

ANSWER

B