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Author Question: Refer to Figure 11-5. Based on the "catch-up line" drawn above, poorer countries are ... (Read 77 times)

savannahhooper

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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


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Marked as best answer by savannahhooper on Mar 16, 2019

Jody Vaughn

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savannahhooper

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Reply 2 on: Mar 16, 2019
Great answer, keep it coming :)


shailee

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Reply 3 on: Yesterday
Excellent

 

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