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Real GDP per person in Country X is $10,000, and the growth rate is 10 percent a year. Real GDP per person in Country Y
Real GDP per person in Country X is $10,000, and the growth rate is 10 percent a year. Real GDP per person in Country Y is $20,000 and the growth rate is 5 percent a year. When will real GDP per person be greater in X than in Y?
Select one:
a. in 10 years
b. in 2 years
c. in 7 years
d. in 15 years
e. never
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