Question

1. Economic growth around the world The following table reports real income per person for several different economies in the
Indicate which economy satisfies each of the following statements. Hong Statement Canada Guatemala kong Korea United Niger Ki
0 0
Add a comment Improve this question Transcribed image text
Answer #1

The economy had the highest level of real income = Hong Kong

The economy experienced the fastest rate of growth in real income = Korea

The economy with a real income below UK but surpassed it = Hong Kong

Add a comment
Know the answer?
Add Answer to:
1. Economic growth around the world The following table reports real income per person for several...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 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 1. Economic growth around the world The following table reports...

    1. Economic growth around the world 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 Zambia was $1,412 in 1960, and it actually declined to $1,309 by 2010, Zambia's average annual growth rate during this period was-0.15%, and it was the poorest economy in the table...

  • The following table reports real income per person for several different economies in the years 1960...

    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 the Central African Republic was $1,010 in 1960, and it actually declined to $628 by 2010. The Central African Republic's average annual growth rate during this period was -0.95%, and it was the poorest economy in the table in the year 2010. The...

  • Using the following data on GDP per capita in the United Kingdom, compute the average annual...

    Using the following data on GDP per capita in the United Kingdom, compute the average annual growth rates during each of the 5 decades and the average annual growth rates over the 50 years 3. 6 points Using the following data on GDP per capita in the United Kingdom, compute the average annual growth rates during each of the 5 decades and the average annual growth rates over th 50 vears Year Real GDP per capita 1960 1970 1980 1990...

  • 1.         Consider the case where real GDP and population are both growing, and real GDP is growing...

    1.         Consider the case where real GDP and population are both growing, and real GDP is growing faster than population.  Which statement below is TRUE? A         Real GDP per capita would increase and faster than real GDP. B          Real GDP per capita would increase but slower than real GDP. C          Real GDP per capita would remain the same. D         Real GDP per capita would fall. Questions 2 and 3.  Both Cowen and Tabarrok (Figure 7.1) and the Hans Rosling video illustrate the robust empirical truth that the...

  • Question 24 (1 point) Consider the following statistics in the table below. Does this data support...

    Question 24 (1 point) Consider the following statistics in the table below. Does this data support the catch-up hypothesis? Country Japan Belgium United Kingdom New Zealand Real GDP per capita in 1960 (2005 dollars) $5,586 10,132 11,204 14,263 Annual Growth in Real GDP per Capita, 1960-2010 3.52% 2.54 2.26 1.34 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.

  • Use the data below to find the growth of income per person (over the entire period,...

    Use the data below to find the growth of income per person (over the entire period, not an annual basis) between the two years listed. Year Real GDP Population Income per person 1990 $ 3,460,000 million 245 million ? 2010 $ 6,680,000 million 300 million ? Income per person grew by (in decimal percent, i.e. .32 not 32).=

  • Using the following data, calculate the annual growth rate of real GDP per person for China...

    Using the following data, calculate the annual growth rate of real GDP per person for China for the years in the table. Year Real GDP per Capita (in 1996 U.S. dollars) 2000 4,001 2001 4,389 2002 4,847 2003 5,321 2004 5,771 Calculate the annual growth rate of real GDP per person for China for the given years. Round your answer to the nearest tenth of a percent. Growth rate, 2001: % Growth rate, 2002: % Growth rate, 2003: % Growth...

  • Case assignments must be completed with a written 2-page study on the assigned case questions in...

    Case assignments must be completed with a written 2-page study on the assigned case questions in the textbook. The format requested for these assignments is based on elaborating and including two basic parts in the essay: 1) in a bullet presentation style (one phrase each bullet), list a summary of the key issues, situations, problems, opportunities and threats you may identify as relevant; 2) answer all the questions listed in each case in two or three sound paragraphs. Use the...

  • Use the following table to complete assignment Suppose that on March 1 of the current year, the peso-US$ exchange rate w...

    Use the following table to complete assignment Suppose that on March 1 of the current year, the peso-US$ exchange rate was P5/$. On March 31 of the current year, the exchange rate stood at P8/$. Calculate the 1-month percent change in the value of the Mexican peso (= P). Calculate the spot Korean won-Japanese yen exchange rate in W/¥. (Korean won = W; Japanese yen = ¥) Calculate the spot Taiwanese dollar-euro exchange rate in T$/€. (Taiwanese dollar = T$;...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT