Consider Figure 9-9, panel (b). Based on the data there, which regions support the convergence hypothesis? Which
Question:
Consider Figure 9-9, panel (b). Based on the data there, which regions support the convergence hypothesis? Which do not? Explain.
Transcribed Image Text:
FIGURE 9-9 Do Economies Converge? (b) But Not for the World as a Whole (a) Convergence among Wealthy Countries... Real GDP per capita annual growth rate 1955-2013 Real GDP per capita 5% annual growth rate 1955-2013 5% East Asia 4 4 Ireland Japan Australia 3 3 Spain Canada Eastern Wester West Europe Europe United Italy Asia States 2 2 Germany United Latin America France United States 1 1 Africa Kingdom 0 $4,000 8,000 12,000 0 $4,000 8,000 12,000 Real GDP per capita in 1955 (1990 dollars) Real GDP per capita in 1955 (1990 dollars) Sources: Angus Maddison, Statistics on World Population, GDP, and Per Capita GDP, 1-2008AD, http://www.ggdc.net/maddison; The Conference Board Total Economy Database", January 2014, http://www.conference-board.org/data/economydatabase.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
what are the key reasons people resist change, and what techniques do you feel are most useful for managing resistance? Explain
-
Portray in words what transforms you would have to make to your execution to some degree (a) to accomplish this and remark on the benefits and detriments of this thought.You are approached to compose...
-
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
-
Using quarterly data for 10 years, the regression results are given in the following table where CAR = number of new car sales per thousand population, PRICE = new car price index, INC= per-capita...
-
On the 4096/4196 sheet 1 schematic, there are several gates labeled U1. Why they all are labeled the same?
-
The following independent situations require professional judgement for determining when to recognize revenue from the transactions. 1. Air Yukon sells you an advance purchase airline ticket in...
-
A 12-mm-diameter cable is strung between a series of poles that are \(50 \mathrm{~m}\) apart. Determine the horizontal force this cable puts on each pole if the wind velocity is \(30 \mathrm{~m} /...
-
Chan Corporation received a bank statement showing a balance of $14,700 as of October 31, 2016. The firm's records showed a book balance of $14,262 on October 31. The difference between the two...
-
explain the significance of partition coefficients in determining the distribution of solutes between immiscible phases, and how does this concept guide the choice of solvents in extraction processes...
-
Some economists think the best way to help African countries is for wealthier countries to provide more funds for basic infrastructure. Others think this policy will have no long-run effect unless...
-
Some economists think the high rates of growth of productivity achieved by many Asian economies cannot be sustained. Why might they be right? What would have to happen for them to be wrong?
-
Lobianco contracted with Property Protection, Inc., for the installation of a burglar alarm system. The contract provided in part: Alarm system equipment installed by Property Protection, Inc., is...
-
a) Consumers are usually sensitive to price change, discuss how both income and substitution effects explains consumer behaviour. [8 Marks] b) John is searching for a new car in the Car Bazaar. He...
-
a) Describe info-gap decision theory citing its three models of decision making under uncertainty. [6 Marks] b) Kerubo is dealing with uncertain income situation. She expect to make Ksh. 20,000 per...
-
A sole proprietor has a business with the following assets: UCC at * 21 years remain The following transactions occurred during the year: Purchased additional computer equipment for $17,000. Sold...
-
(a) Explain how the value of money depends on the price level (15 marks).
-
(a) Explain the meaning of money. (b) Describe in detail three (3) stages recognized by various Writers in the development of money. (c) Discuss the circumstances in which a commercial bank may...
-
Peoria Corp. just completed another successful year, as indicated by the following income statement: Presented here are comparative balance sheets: Other information is as follows: a. Dividends of...
-
Time Travel Publishing was recently organized. The company issued common stock to an attorney who provided legal services worth $25,000 to help organize the corporation. Time Travel also issued...
-
Bob produces DVD movies for sale, which requires a building and a machine that copies the original movie onto a DVD. Bob rents a building for $30,000 per month and rents a machine for $20,000 a...
-
Consider Bob's DVD company described in Problem 4. Assume that DVD production is a perfectly competitive industry. For each of the following questions, explain your answers. a. What is Bob's...
-
Consider Bob's DVD company described in Problem 4. Assume that DVD production is a perfectly competitive industry. For each of the following questions, explain your answers. a. What is Bob's...
-
import java.util.ArrayList; import java.util.List; public class Zigzag { public static List zigzag(List array) { int height = array.size() - 1; int width = array.get(0).size() - 1; List result...
-
Question: Sample Data (Input File): 1. Write a class definition named PopularName with the following attributes: a. name: String b. count: int c. sex: char You are to define all required methods...
-
How does the multinational structure of an organization affect HR practices in the home country? Explain
Study smarter with the SolutionInn App