The data in the following table represents real GDP per capita in 1980 and 2016 for five
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The data in the following table represents real GDP per capita in 1980 and 2016 for five countries. Fill in the table by calculating the annual growth rate in real GDP per capita from 1980 to 2016. Is the data in the completed table consistent with convergence theory Explain.
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Country United States El Salvador Republic of South Africa Cambodia Russia Real GDP per Capita in 1980 28,734 2,577 6,560 234 8,282 Real GDP per Capita in 2016 52,152 3,919 7,727 1,065 11,436 Annual Growth in Real GDP per Capita 1980-2016
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Related Book For
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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