Country A has real GDP per person of 100,000 while country B has real GDP per person of 200,000.All else constant,country A will eventually have a higher standard of living than country B if
A) the level of saving per person is 10,000 in country A and 10,000 in country B.
B) the level of saving per person is 12,000 in country A and 15,000 in country B.
C) Both of the above are correct.
D) None of the above are correct.
Correct Answer:
Verified
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