Problem
Suppose that two poor countries experience different growth rates over time. Country A's real GDP per capita grows at a rate of 7 percent per year on average, and Country B's real GDP per capita grows at an average annual rate of only 3 percent. Predict how the standard of living will vary between these two countries over time as a result of divergent growth rates.
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.