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fabz06 fabz06
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The following table shows the GDP per capita since 1820 in selected countries (in PPP-adjusted 2005 dollars).

Country18201870192019702010Average growth (1820—2010)Average growth (1920—2010)
United States$1,873$3,365$7,641$20,684$41,9611.65 percent1.91 percent
United Kingdom$2,854$4,390$6,259$14,817$32,7221.29 percent1.85 percent
China$826$729$760$1,071$11,0541.37 percent3.02 percent
Mexico$863$896$2,509$5,945$10,6191.33 percent1.62 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.
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Macroeconomics

Macroeconomics


Edition: 3rd
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GlitterBug11GlitterBug11
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fabz06 Author
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A year ago
Brilliant
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Good timing, thanks!
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2 hours ago
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