Question: Refer to Table 7.1 (pdf attached) . Does this data support the catch-up theory of economic growth? Country period Real GDP per Real GDP per

Refer to Table 7.1 (pdf attached) . Does this data support the catch-up theory of economic growth?

Country period Real GDP per Real GDP per Growth (per year) person at person at end of beginning of period period Brazil 1900-2014 $1075 $20 245 2.61% japan 1890-2014 2078 49 243 2.59 china 1900-2014 990 17 103 2.53 mexico 1900-2014 1601 21 609 2.31 gemany 1870-2014 3018 60 839 2.11 indonesia 1900-2014 1231 13 233 2.10 canada 1870-2014 3282 56 307 1.99 india 1900-2014 932 7 311 1.82 United states 1870-2014 5537 72 540 1.80 Pakistan 1900-2014 1019 6610 1.65 argentina 1900-2914 3169 16 245 1.44 bangladesh 1900-2014 861 4324 1.43 United kingdom 1870-2014 6645 50697 1.42

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