The table provides some data on real GDP and the population of Iberia in 2014 and 2015. Real GDP (billions of pesos) Population (billions) Year If the growth rates of 2015 are maintained in future years, when will real GDP per person in Iberia double? 2014 180,000 192,816 300 2015 309 If the growth rates of 2015 are maintained in future years, real GDP per person in Iberia will O A. double by 2038 O B. double after 23 years O C. never double unless the population stops growing O D. double by 2033

The table provides some data on real GDP and the population of Iberia in 2014 and 2015. Real GDP (billions of pesos) Population (billions) Year If the growth rates of 2015 are maintained in future years, when will real GDP per person in Iberia double? 2014 180,000 192,816 300 2015 309 If the growth rates of 2015 are maintained in future years, real GDP per person in Iberia will O A. double by 2038 O B. double after 23 years O C. never double unless the population stops growing O D. double by 2033

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Two countries, Alpha and Beta, have identical production possibilities frontiers. If Alpha produces at point A and Beta produces at point B, then O A. Alpha's economic growth rate will exceed Beta's OB. Alpha's and Beta's economic growth rates will be the same OC. Beta's future consumption will be less than than Alpha's O D. Alpha consumes more than Beta today, but it will grow slower than Beta ó Capital goods (per person) B Consumption goods (per person) PPF
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