Write down the growth rates of the countries with the five highest real GDP growth rates and the five lowest real GDP growth rates..) Look up GDP per person for each of the countries whose growth rates you have just written down. Can we say that all poor countries grow fast? Should we assume that countries with lower levels of GDP per person will automatically be able to catch up with living standards in rich countries?

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The table lists the countries that occupy the top five bottom five positions in terms of real GDP growth rate GDP per capita Analysing the figures one can observe that not all poor countries grow fast Indeed the countries that have recorded the fastest real GDP growth rates are some of the relatively poorer countries However we can see that the poorest countries that occupy the bottom five position ... View the full answer