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...
A binding price ceiling is: a. set with the aim of increasing the consumer surplus. b. set at the equilibrium price level
c. set below the equilibrium price level. d. set above the equilibrium price level.
Economics
What is the present value of $500 promised four years from now at 5% annual interest?
A. $520.00 B. $400.00 C. $411.35 D. $607.75
Economics