The Philippines' GDP per capita is $2,100. If the Philippines’GDP annual growth rate is constantly 5%, how many years can it beequal to the current S. Korea’s GDP per capita, $21,000? (Hint: asthere is no free lunch, when you plug in the numbers for yourcalculator, you have to decide one is negative, and one ispositive; for example, if you deposit the money now into your bankaccount, that will be cash out-flow, so NEGATIVE; then in thefuture, you will get your money back, cash inflow at that time, itwill become POSITIVE, got it); thus, you will pick either negativenumber, and the other will be positive for the GDP problem.

	1.	53.19 years
	2.	50.19 years
	3.	47.19 years
	4.	44.19 years