Calculate the percentage difference in their level of output


Problem

Suppose real GDPs in country A and country B are identical at $10 trillion dollars in 2005. Suppose country A's economic growth rate is 2% and country B's is 4% and both growth rates remain constant over time.

On a graph, show country A's potential output until 2025.

On the same graph, show country B's potential output.

Calculate the percentage difference in their levels of potential output in 2025.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Calculate the percentage difference in their level of output
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