Question

The real GDP of Country A grew by only 1% from 2011 to 2013, while the real GDP of Country B grew by 5% during that same time span. 1. Country B has a very high quality of life. 2. Country A has a modestly high quality of life. 3. Country A's economy has been in a period of contraction. 4. Country A has a high real GDP. 5. Country B will eventually have a higher real GDP than Country A if the economy of each country continues to grow this way.

Answer 1

5. Country B will eventually have a higher real GDP than Country A if the economy of each country continues to grow this way.

Step-by-step explanation:

The full form of GDP is Gross Domestic Product. It is the amount of the total products or services that a country produces in the financial year. The measure of the GDP determines the national income and the economy of a particular country.

In the context, it is mentioned that the real GDP as measured from year 2011 to the year 2013 by country A grew only 1 percent and that of country B grew by 5 percent during the same year. Hence we can conclude that country B will have higher GDP when compared to the real GDP of country A when both the country's economy grow in the same way.