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Consider the following scenario: U.S. GDP per capita 50 years ago was $15,000, and Mexican
GDP per capita 50 years ago was $7,500. The average GDP per capita growth rate of the United
States is 2 percent per year, while the average GDP per capita growth rate of Mexico is 1 percent
per year. Which of the following statements is true after 50 years? A. US. GDP per capita is more
than quadruple that of Mexico B. U.S. GDP per capita is a little over double that of Mexico. C. US
GDP per capita is more than triple that of Mexico. D. There is not sufficient information to calculate
the differences:

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Consider the following scenario US GDP per capita 50 year.pdf

  • 1. Consider the following scenario: U.S. GDP per capita 50 years ago was $15,000, and Mexican GDP per capita 50 years ago was $7,500. The average GDP per capita growth rate of the United States is 2 percent per year, while the average GDP per capita growth rate of Mexico is 1 percent per year. Which of the following statements is true after 50 years? A. US. GDP per capita is more than quadruple that of Mexico B. U.S. GDP per capita is a little over double that of Mexico. C. US GDP per capita is more than triple that of Mexico. D. There is not sufficient information to calculate the differences: