Homework Answers
Option 1. The data supports the catch-up hypothesis.
Explanation: The catch-up hypothesis states that low-income countries tend to have a higher GDP growth rate as compared to the high-income countries so that eventually all have same level of GDP.
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Question 24 (1 point) Consider the following statistics in the table below. Does this data support...
Consider the following statistics in the table below. Does this data support the catch-up hypothesis? 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...
Does the relationship between the initial level of real GDP per capita and the growth in...
Does the relationship between
the initial level of real GDP per capita and the growth in real GDP
per capita for The United States, Western Europe, Canada, and Japan
from 1990 to 2014 support the catch-up hypothesis?
Question 22 (1 point) Does the relations hip between the ini tial level of real GDP per capita and the growth in real GDP per capita for The United S tates, Western Europe, Canada, and Japan from 1990 to 2014 support the catch-...
1. Economic growth around the world The following table reports real income per person for several...
1. Economic growth around the world The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives each economy's average annual growth rate during this period. For example, real income per person in Niger was $945 in 1960, and it actually declined to $570 by 2010. Niger's average annual growth rate during this period was -1.01%, and it was the poorest economy in the table in the year 2010. The...
1. Economic growth around the world The following table reports real income per person for several...
1. Economic growth around the world The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives each economy's average annual growth rate during this period. For example, real income ir person in Niger was $945 in 1960, and it actually declined to $570 by 2010. Niger's average annual growth rate during this period was -1.01%, and it was the poorest economy in the table in the year 2010. The...
Human Development Data Set: Questions are posted in next post. C1-T INTERNET GDP CO2 CELLULAR FERTILITY...
Human Development Data Set: Questions are posted in next post. C1-T INTERNET GDP CO2 CELLULAR FERTILITY LITERACY Algeria 0.65 6.09 3 0.3 2.8 58.3 Argentina 10.08 11.32 3.8 19.3 2.4 96.9 Australia 37.14 25.37 18.2 57.4 1.7 100 Austria 38.7 26.73 7.6 81.7 1.3 100 Belgium 31.04 25.52 10.2 74.7 1.7 100 Brazil 4.66 7.36 1.8 16.7 2.2 87.2 Canada 46.66 27.13 14.4 36.2 1.5 100 Chile 20.14 9.19 4.2 34.2 2.4 95.7 China 2.57 4.02 2.3 11 1.8 78.7...
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...
Does the relationship between
the initial level of real GDP per capita and the growth in real GDP
per capita for The United States, Western Europe, Canada, and Japan
from 1990 to 2014 support the catch-up hypothesis?
Question 22 (1 point) Does the relations hip between the ini tial level of real GDP per capita and the growth in real GDP per capita for The United S tates, Western Europe, Canada, and Japan from 1990 to 2014 support the catch-...
1. Economic growth around the world The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives each economy's average annual growth rate during this period. For example, real income per person in Niger was $945 in 1960, and it actually declined to $570 by 2010. Niger's average annual growth rate during this period was -1.01%, and it was the poorest economy in the table in the year 2010. The...
1. Economic growth around the world The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives each economy's average annual growth rate during this period. For example, real income ir person in Niger was $945 in 1960, and it actually declined to $570 by 2010. Niger's average annual growth rate during this period was -1.01%, and it was the poorest economy in the table in the year 2010. The...
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