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nydimaria [60]
1 year ago
5

An IAC (industrially advanced country) had a per capita income of $44,000, while a DVC (developing country) had a per capita inc

ome of $2,200 in a given year. If both countries experience a per-capita-income growth of 4 percent, then the per-capita-income gap one year later will be
Business
1 answer:
faust18 [17]1 year ago
5 0

The per-capita-income gap one year later will be $43,472.

<h3>What will be the per-capita-income gap one year later?</h3>

GDP per capita is the GDP of a country divided by the population of the country. It is used as a metric to determine the standard of living of the population.

GDP per capita = GDP / population

Difference in the GDP per capita = 1.04 x (44,000 - 2,200)

1.04 x 41,800 = $43,472

To learn more about GDP per capita, please check: brainly.com/question/28018695

#SPJ1

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