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Assume real per capita GDP inWest Swimsuitis $10,000while inSouth Homesteadit is $2,500. The annual growth rate inWest Swimsuitis 2.33%, while inSouth Homesteadit is 7%. How
Assume real per capita GDP inWest Swimsuitis $10,000while inSouth Homesteadit is $2,500. The annual growth rate inWest Swimsuitis 2.33%, while inSouth Homesteadit is 7%. How many years will it take forSouth Homesteadto catch up to the real per capita GDP ofWest Swimsuit?
Choose one:
A.about 10 years
B.about 30 years
C.about 40 years
D.about 120 years
E.South Homesteadwill never be able to catch up withWest Swimsuit.
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