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Twoeconomies, Hare andTortoise, each start with a real GDP per person of $1,000 in 1950. Real GDP per person grows 5% per year in Hare

Twoeconomies, Hare andTortoise, each start with a real GDP per person of $1,000 in 1950. Real GDP per person grows 5% per year in Hare and 2% per year in Tortoise. After 70years, in year2020, what will be real GDP per person in eacheconomy?

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