Consider the following table displaying annual growth rates for nations X, Y, and Z, each of which entered 2017 with real per capita GDP equal to $20,000.

a. Which nation most likely experienced a sizable earthquake in late 2017 that destroyed a significant portion of its stock of capital goods, but was followed by speedy investments in rebuilding the nation's capital stock? What is this nation's per capita real GDP at the end of 2020, rounded to the nearest dollar?
b. Which nation most likely adopted policies in 2017 that encouraged a gradual shift in production from capital goods to consumption goods? What is this nation's per capita real GDP at the end of 2020, rounded to the nearest dollar?
c. Which nation most likely adopted policies in 2017 that encouraged a quick shift in production from consumption goods to capital goods? What is this nation's per capita real GDP at the end of 2020, rounded to the nearest dollar?

Transcribed Image Text:

Annual Growth Rate (%) Country 2017 2018 2019 2020 3 4 4 5 3