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At the beginning of the year, one developing country (DVC) has a real income per capita of $1,000. In a developed country (IAC), the real
At the beginning of the year, one developing country (DVC) has a real income per capita of $1,000. In a developed country (IAC), the real income per capita is $30,000. Both countries experience a 6 percent growth rate for the year. At the end of the year, the absolute income gap between these two countries will have increased from $29,000 to Multiple Choice $31,800. $32,860. $30,180. $30,740
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