Question

Consider the following statistics in the table below. Does this data support the catch-up hypothesis?

Question 25 (1 point) Consider the following statistics in the table below. Does this data support the catch-up hypothesis? Real GDP per Capita in 1960 (2005 dollars) Annual Growth in Real GDP per Capita, 1960-2010 Country Taiwan $1,861 2,120 2,483 4,105 7,015 5.86% Panama 3.32 Brazil 2.45 Algeria Venezuela 0.85 0.52 This data supports the catch-up hypothesis. This data contradicts the catch-up hypothesis. This data is unrelated to the catch-up hypothesis. This data neither supports nor contradicts the catch-up hypothesis.

Answer 1

Option 3. This data is unrelated to the catch-up hypothesis

Explanation: In catch-up hypothesis, we compare the growth of the developed and the developing countries. Here, all the given countries are developing countries.