Compare a hypothetical DVC with a hypothetical IAC. In the DVC, average per capita income is $500 per year. In the IAC, average per capita income is $40,000 per year. If both countries have a savings rate of 10 percent per year, the amount of savings per capita in the DVC will be _____ per person per year while in the IAC it will be _______ per person per year.a. $50; $4000.b. $5; $400.c. $450; $36,000.d. None of the above.
Compare a hypothetical DVC with a hypothetical IAC. In the DVC, average per capita income is $500 per year. In the IAC, average per capita”
by | Mar 12, 2022 | Uncategorized
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