The average rate of growth of per capita real GDP

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Since the early 1990s, the average rate of growth of per capita real GDP in Mozambique has been 3 percent per year, as compared with a growth rate of 8 percent in China. Refer to Table 9-3 on page 191. If a typical resident of each of these nations begins this year with a per capita real GDP of $3,000 per year, about how many more dollars' worth of real GDP per capital would the person in China be earning 10 years from now than the individual in Mozambique?

Reference no: EM131377249

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