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The following table shows the GDP per capita since 1820 in selected countries (in PPP-adjusted 2005 ...

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The following table shows the GDP per capita since 1820 in selected countries (in PPP-adjusted 2005 ...

The following table shows the GDP per capita since 1820 in selected countries (in PPP-adjusted 2005 dollars).

Country	1820	1870	1920	1970	2010	Average growth (1820—2010)	Average growth (1920—2010)
United States	$1,873	$3,365	$7,641	$20,684	$41,961	1.65 percent	1.91 percent
United Kingdom	$2,854	$4,390	$6,259	$14,817	$32,722	1.29 percent	1.85 percent
China	$826	$729	$760	$1,071	$11,054	1.37 percent	3.02 percent
Mexico	$863	$896	$2,509	$5,945	$10,619	1.33 percent	1.62 percent

a) Identify the countries that experienced sustained growth between 1820 and 2010.
b) Identify the countries that experienced sustained growth from 1920 to 2010.
c) Identify the countries that experienced catch-up growth from 1920 to 2010.

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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fabz06 Author

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Thanks for your help!!

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Smart ... Thanks!

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