(Answered) Assume real per capita gdp in north metropolanianbspis

Economics

Assume real per capita GDP in North Metropolania is $4000 while in East Vice City it is $1000. The annual growth rate in North Metropolania is 2.33%, while in East Vice City it is 7%. How many years will it take for East Vice City to catch up to the real per capita GDP of North Metropolania?

Choose one:

A. about 10 years

B. about 30 years

C. about 40 years

D. about 120 years

E. East Vice City will never be able to catch up with North Metropolania.

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Business Economics, Economics

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