Map ddd Sapling Learning capita of 1. Use the information in the table below abo

Question

Map ddd Sapling Learning capita of 1. Use the information in the table below about growth and productivity to answer the questions that follow: (Round all numerical answers to two decimal places.) Country Funland Sunhausland 0.046 Growth rate of GDP per capita 0.094 What is GDP per capita in Funland in 25 years? Wa ih grcapita years? Number Number SO In 25 years, Funland grows Number how many times more than Sunhausland? times Previous ? Grvu Up & View Solulion 9 Check Answer 0 Next Exit- about us careers privacy policy terms of

Explanation / Answer

The formula for growth of GDP per capita is F = P x (1 + R)^N

GDP per capita in Funland after 25 years = 1 x (1 + 0.094)^25 = 9.45

GDP per capita in Sunhausland after 25 years = 1 x (1 + 0.046)^25 = 3.08

Funland grows 3 times as Sunhausland in terms of GDP per capita after 25 years.

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