Refer to Figure 11-5. Based on the "catch-up line" drawn above, ...

[savannahhooper]

Question 1

Draw a graph of "catch-up" that shows where you would expect to see a country with low saving rates and low levels of health and education. How would you expect real GDP per capita to grow in a country like this? Explain.

Question 2

Figure 11-5











Refer to Figure 11-5.  Based on the "catch-up line" drawn above, poorer countries are more likely to be at a point like ________, where growth in GDP is relatively ________, while richer countries are more likely to be at a point like ________, where growth in GDP is relatively ________.

◦ A; low; B; high
◦ A; high; B; low
◦ B; low; A; high
◦ B; high; A; low

[Jody Vaughn]

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[savannahhooper]

Thanks for the timely response, appreciate it

[ttt030911]

Great answer, keep it coming