Question

Which of the following countries will be better off in the long​ run?

A. Country A with ​$1 comma 000 annual GDP per capita and a 6 percent annual growth rate.
B. Country B with ​$5 comma 000 annual GDP per capita and a 2 percent annual growth rate.
C. Country C with ​$40 comma 000 annual GDP per capita and a 1 percent annual growth rate.
D. Country D with ​$60 comma 000 annual GDP per capita and a 0.1 percent annual growth rate.

Answer 1

C. Country C with ​$40 comma 000 annual GDP per capita and a 1 percent annual growth rate.

Step-by-step explanation:

Eventhough the country D has a larger GDP per capita it is only growing at a .1 percent rate, in the next 40 years both have had grown 4% and 40% respectevilly and that growth will be exponential since the growth is added with the previous growth, so in the long run Country C will have a much larger and quickier growth than Country D.