The accompanying table shows data from the World Bank, World Development Indicators, for real GDP per capita

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The accompanying table shows data from the World Bank, World Development Indicators, for real GDP per capita in 2010 U.S. dollars for Argentina, Ghana, South Korea, and the United States for 1960, 1980, 2000, and 2018. 

a. Complete the table by expressing each yearʼs real GDP per capita as a percentage of its 1960 and 2018 levels. 

b. How does the growth in living standards from 1960 to 2018 compare across these four nations? What might account for these differences?

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Macroeconomics

ISBN: 9781319245269

6th Edition

Authors: Paul Krugman, Robin Wells

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