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Loraine Loraine
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8 years ago
Belgium's real GDP per person is $33,000 and Austria's is $34,700. The population growth rate in Belgium is 0.13 percent and the growth rate of real GDP is 3.0 percent. The population growth rate in Austria is 0.08 percent and the growth rate of real GDP is 3.3 percent. If these growth rates continue, how many years will it take for Belgium's real GDP per person to equal Austria's real GDP per person?
A) Belgium's standard of living will never equal Austria's.
B) just over 23 years
C) just over 24 years
D) just over 21 years
E) over 230 years
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Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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Don't mention it Happy Dummy
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3 years ago
thanks
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