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# Is country X's GDP higher than country Y's GDP?

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Manager
Joined: 17 May 2015
Posts: 207

Kudos [?]: 217 [0], given: 73

Is country X's GDP higher than country Y's GDP? [#permalink]

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22 Sep 2017, 07:09
00:00

Difficulty:

25% (medium)

Question Stats:

78% (00:53) correct 22% (00:29) wrong based on 23 sessions

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Is country X's GDP higher than country Y's GDP?

(1) GDP of the countries X and Y have grown over the past 5 years at a compounded annual rate of 5% and 6% respectively.

(2) Five years ago, GDP of country X was higher than that of country Y.
[Reveal] Spoiler: OA

Kudos [?]: 217 [0], given: 73

Manager
Joined: 27 Dec 2016
Posts: 145

Kudos [?]: 38 [1], given: 192

Concentration: Social Entrepreneurship, Nonprofit
GPA: 3.65
WE: Sales (Consumer Products)
Re: Is country X's GDP higher than country Y's GDP? [#permalink]

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22 Sep 2017, 09:59
1
KUDOS
ganand wrote:
Is country X's GDP higher than country Y's GDP?

(1) GDP of the countries X and Y have grown over the past 5 years at a compounded annual rate of 5% and 6% respectively.

(2) Five years ago, GDP of country X was higher than that of country Y.

What is the source of this question?

The first and second statement clearly insufficient.
When we combine the statement, we still cannot get the definite answer.

Example 1 : When GDP X was 1.001 and GDP Y was 1.000, with the 5% and 6% rate, GDP Y will be higher.
Example 2 : When GDP X was 20.000 and GDP Y was 1.000, with the 5% and 6% rate, GDP X will be higher.
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Kudos [?]: 38 [1], given: 192

Re: Is country X's GDP higher than country Y's GDP?   [#permalink] 22 Sep 2017, 09:59
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