question_answer Q: An IAC (industrially advanced country) had a per capita income of $44,000, while a DVC (developing…A: Per capita income is the total income divided by country's population


5
An IAC (industrially advanced country) had a per capita income of $44,000, while a DVC (developing country) had a per capita income of $2,200 in a
given year. If both countries experience a per-capita-income growth of 2 percent, then the per-capita-income gap one year later will be
Multiple Choice
$636.
$41,800.
$46,200.
$42,636.
expand button
Transcribed Image Text:An IAC (industrially advanced country) had a per capita income of $44,000, while a DVC (developing country) had a per capita income of $2,200 in a
given year. If both countries experience a per-capita-income growth of 2 percent, then the per-capita-income gap one year later will be
Multiple Choice
$636.
$41,800.
$46,200.
$42,636.
question_answer Q: An IAC (industrially advanced country) had a per capita income of $44,000, while a DVC (developing…A: Per capita income is the total income divided by country's population


5
An IAC (industrially advanced country) had a per capita income of $44,000, while a DVC (developing country) had a per capita income of $2,200 in a
given year. If both countries experience a per-capita-income growth of 2 percent, then the per-capita-income gap one year later will be
Multiple Choice
$636.
$41,800.
$46,200.
$42,636.
expand button
Transcribed Image Text:An IAC (industrially advanced country) had a per capita income of $44,000, while a DVC (developing country) had a per capita income of $2,200 in a
given year. If both countries experience a per-capita-income growth of 2 percent, then the per-capita-income gap one year later will be
Multiple Choice
$636.
$41,800.
$46,200.
$42,636.

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