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This problem asks you to collect and analyze data about the relationship of the initial

income level and the growth rates across countries.

a. Find real GDP per capita for 10 high-income countries from 1950 to 2017, and calculate the average annual growth rate of real GDP per capita for each country over this period. You may choose ten countries in Figure3.4.

\fEmpirical Applications FIGURE 3.4 GROWTH RATE VERSUS INITIAL PER CAPITA GDP, 1870-2008 0.026 - JPN 0.024 - Growth rate, 1870-2008 0.022 FIN NOR GRC SWE 0.020 ESP PRT IRL CAN ITA 0.018 AUT FRANCHE USA GER 0.016 BALD BAUS 0.014- NZL 0.012 500 1,000 1,500 2,000 2,500 3,000 3,500 Per capita GDP, 1870