The accompanying table shows data from the Penn World Table, Version 8.0, for real GDP per capita in 2005 U.S. dollars for Argentina, Ghana, South Korea, and the United States for 1960, 1970, 1980, 1990, 2000, and 2011.

a. Complete the table by expressing each year’s real GDP per capita as a percentage of its 1960 and 2011 levels.

b. How does the growth in living standards from 1960 to 2011 compare across these four nations? What might account for these differences?

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Argentina Real GDP Percentage of 1960 per capita (2005 2011 real GDP real GDP dollars) per capita per capita ? ? ? ? ? Year 1960 $6,585 1970 8,147 1980 8,938 1990 6,889 2000 9,208 2011 13,882 C ? ? ? ? ? ? ? Real GDP per capita (2005 dollars) $1,557 1,674 1,418 1,296 1,530 2,349 Ghana Percentage of 1960 2011 real GDP real GDP per capita per capita ? ? ? ? ? ? ? ? ? ? ? ? South Korea Real GDP per capita (2005 dollars) $1,610 2,607 5,161 11,376 20,016 29,618 Percentage of 1960 2011 real GDP real GDP per capita per capita ? ? ? ? ? ? ? ? ? ? ? ? United States. Real GDP per capita (2005 dollars) $15,136 20,115 25,221 31,431 39,498 42,244 Percentage of 1960 real| 2011 real GDP per GDP per capita capita ? ? ? ? ? ? ? ? ? ? a ? ?