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Catch up to the real per capita gdp of north metropolania

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Reference no: EM131691803

Assume real per capita GDP in North Metropolania is $4000 while in East Vice City it is $1000. The annual growth rate in North Metropolania is 2.33%, while in East Vice City it is 7%. How many years will it take for East Vice City to catch up to the real per capita GDP of North Metropolania? 

Choose one:

A. about 10 years  

B. about 30 years  

C. about 40 years  

D. about 120 years  

E. East Vice City will never be able to catch up with North Metropolania.

 

Reference no: EM131691803

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