Question

The IMF projects that​ China's real GDP per person will be​ 57,163 yuan in 2017 and​ 60,334 yuan in 2018 and that​ India's real GDP per person will be​ 98,028 rupees in 2017 and​ 104,191 rupees in 2018. By maintaining their current growth​ rates, which country will be first to double its standard of living and when will that​ happen? By maintaining their current growth​ rates, _______ will be the first to double its standard of​ living, and that will occur in​ _______.

Answer 1

Answer: India / 11.1years

Step-by-step explanation:

Per capita income (PCI) or average income measures or calculate the average income earned per person in a given place (country,city, region etc.) in a particular year. It can be calculated by dividing the area's total income or wealth by its total number of population.

India's GDP will increase or double than that of China's, because is has a larger income than that of China.