Real GDP per person in Northland is $30,000, while real GDP in Southland is $10,000, However, Northland's real GDP per person is growing at 1 percent per year, and Southland's real GDP per person is growing at 3 percent per year. If these growth rates persist indefinitely, then:A. Northland's real GDP per person will decline until it equals Southland's. B. Northland's real GDP per person will always be between 1 and 2 percent greater than Southland's. C. Southland's real GDP per person will always be exactly 2 percent less than Northland's. D. Southland's real GDP per person will eventually be greater than Northland's.
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Home » Business » Real GDP per person in Northland is $30,000, while real GDP in Southland is $10,000, However, Northland's real GDP per person is growing at 1 percent per year, and Southland's real GDP per person is growing at 3 percent per year.