In the following graph, each dot represents a particular country's initial level of real GDP per capita
Question:
a. For the range of initial GDP per capita from 0 to Real GDP per capita2, does the figure support the economic growth model's prediction of catch-up? Briefly explain.
b. For the range of initial GDP per capita from 0 to Real GDP per capita1, does the figure support the catch-up prediction? Briefly explain.
c. For the range from initial Real GDP per capita1 to Real GDP per capita2, does the figure support the catch-up prediction? Briefly explain.
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