Question

Country alpha and country beta initially have the same real gdp per capita. country alpha experiences no economic growth, while country beta grows at a sustained rate of 5 percent. in 14 years, country alpha's gdp will be approximately _________ that of country beta.

Answer 1

Country alpha's gdp will be approximately "one-half" of the country beta.

GDP stands for Gross domestic product and it refers to the total economic output of any country which means the measure of cash a nation makes. Gross domestic product per capita is the aggregate yield isolated by the quantity of individuals in the population, so you can get a figure of the normal yield of every individual, i.e., the normal measure of cash every individual makes.