Prep
Bee
Pakistan
Free MCQ Practice Platform for Govt Job Exams
Home
MCQs
Quiz
Past Papers
FIA Prep
Contact
Quiz Mode
Login
Register
Preparing your study page...
Home
MCQs
Economics
MEDIUM
ENGLISH
Economics
If two countries start with the same real GDP/person and one country grows at 2 percent while the other grows at 4 percent ?
A
one country will always have 2 percent more real GDP/person than the other
Option A
the standard of living in the country growing at 4 percent will start to accelerate away from the slower growing country due to compound growth
Correct answer
C
the standard of living in the two countries will converge
Option C
D
Next year the country growing at 4 percent will have twice the GDP/person as the country growing at 2 percent
Option D
Correct answer: B
Explanation
No explanation provided for this MCQ yet.
Hide Answer
Hide Explanation
Start Related Quiz
Submit Correction
More MCQs