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Q1. Economic Growth and Income-Disparity: Data Refer to the Penn World Table's database on growth accounting (http://febpwt . webhosting. rug . n1/Dmn/AggregateXs/PivotShow). 1. The data shows that real GDP in Korea is higher that in Malaysia. Construct a table showing i) real GDP at constant national prices, ii) capital stock at constant 2011 national prices, iii) index of human capital per person, iv) total factor productivity (TFP) at constant national prices, and v) population for these two countries for 2014. Discuss your results. 2. Consider two groups of countries: Argentina, Chile, Mexico, and Uruguay (from South America); and the Four Asian Dragons (Hong Kong, Taiwan, South Korea, and Singa- pore). Compute the annual growth rates for every ten years from 1965 to 2014. (Hint: (Real GDP Per Capitatt,;-Real GDP Per Capita +9,;) /Real GDP Per Capitat,;, where t rep- resents years and i represents different countries. Annual growth rate = Growth rate/10 years.) Based on initial real GDP per capita in 1965 and the annual growth rates, do you think that real GDP per capita of these two groups of countries are likely to converge? If not, why? 3. Calculate the ratios of real GDP per capita for any one country from the Four Asian Dragons and any one country from South America to U.S. real GDP per capita from 1965 to 2014 and then plot the trends. Discuss the income gap between the United States and the other countries