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Consider the following scenario: U.S. GDP per capita 5050 years ago was $15 comma 00015,000, and Mexican GDP per capita 5050 years ago was $7
Consider the following scenario: U.S. GDP per capita 5050 years ago was $15 comma 00015,000, and Mexican GDP per capita 5050 years ago was $7 comma 5007,500. The average GDP per capita growth rate of the United States is 22 percent per year, while the average GDP per capita growth rate of Mexico is 11 percent per year. Which of the following statements is true after 5050 years? A. U.S. GDP per capita is more than quadruple that of Mexico. B. U.S. GDP per capita is more than triple that of Mexico. C. U.S. GDP per capita is a little over double that of Mexico. D. There is not sufficient information to calculate the differences
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