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Assume real per capita GDP in North Metropolania is $4,000 while in South Homestead it is $1,000. The annual growth rate in North Metropolania is

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Assume real per capita GDP in North Metropolania is $4,000 while in South Homestead it is $1,000. The annual growth rate in North Metropolania is 2.33%, while in South Homestead it is 7%. How many years will it take for South Homestead to catch up to the real per capita GDP of North Metropolania? Choose one: O A. about 10 years O B. about 30 years O C. about 40 years O D. about 120 years O E. South Homestead will never be able to catch up with North Metropolania. Part 2 (1 point) See Hint What will the income of the two countries be when it is equal? $

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