Out of 10 countries -- Country 1 through Country 10 -- Country 9 has the highest gross domestic product (GDP), and Country 10 has the highest GDP per ...
Question
Out of 10 countries -- Country 1 through Country 10 -- Country 9 has the highest gross domestic product (GDP), and Country 10 has the highest GDP per capita. GDP per capita is the GDP of a country divided by its population. The table below provides the following data about Country 1 through Country 8 for the year 2024.
• Column 1 gives the country's identity.
• Column 2 gives the country's GDP as a fraction of the GDP of Country 9.
• Column 3 gives the country's GDP per capita as a fraction of the GDP per capita of Country 10.
• Column 4 gives the country's annual GDP growth rate.
• Column 5 gives the country's annual population growth rate.
Assume that the GDP growth rates and population growth rates of the countries will remain constant for the next three years.
For how many countries among Country 1 through Country 8 will the GDP per capita in 2027 be lower than that in 2024?