answer attached question below

Economic Growth 4. Based on information from the World Bank, in 2018, GDP per capita was $62,794.6 in the United States and $64,581.9 in Singapore - very similar values (and relatively high values compared to many countries). But, the annual rate of GDP growth averages 2.3% in the United States and 2.7% in Singapore. Would you predict the United States or Singapore to have a more rapid increase in the standard of living in the long run? Discuss what evidence/theory from Chapter 7 you are using to support this prediction