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Author Question: Would you expect to see higher or lower growth rates for countries that start out with a relatively ... (Read 28 times)

cdr_15

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Question 1

Table 11-7









Refer to Table 11-7. Consider the statistics in the table above in describing the following industrialized and developing countries. Are these consistent with the economic growth model? Briefly explain.



Question 2

Would you expect to see higher or lower growth rates for countries that start out with a relatively low level of real GDP per capita? Explain using the concept of "catch-up" and support your answer with a graph.



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Marked as best answer by cdr_15 on Mar 16, 2019

leannegxo

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