Reference no: EM132479125
Country A starts with real GDP per capita equal to $40,000 and Country B starts with real GDP per capita equal to $2,000.
Today the RGDP per capita in A is times the value in B.
Country A is growing at a rate of 3.5% per year and Country B is growing at a rate of 7% per year. Assume these growth rates do not change.
Country A will double its RGDP per capita in years and country B will double its RGDP per capita in years.
Enter whole numbers.
In 20 years real GDP per capita in Country A will be :mce_markernbsp;
In 40 years real GDP per capita in Country A will be: mce_markernbsp;
In 60 years real GDP per capita in Country A will be: mce_markernbsp;
In 20 years real GDP per capita in Country B will be :mce_markernbsp;
In 40 years real GDP per capita in Country B will be: mce_markernbsp;
In 60 years real GDP per capita in Country B will be: mce_markernbsp;
After 60 years RGDP per capita in A is ___ times the value in B. Round to two decimal places.