As of 3/22/2018 find a recent recent list of countries by per capita GDP. Look at...

As of 3/22/2018 find a recent recent list of countries by per capita GDP. Look at the list. Get an idea of which are the rich countries, and which are the poor. What patterns do you see with the rich and poor countries? Which source did you use? How does it vary from other lists? Write a one page (single-spaced) summary of what trends you see on this list. Make sure you reference your source.

Expert Solution

Rahul Sunny answered 2 years ago

Find a recent list of countries with per capita GDP. Look at the list. Get an idea...

Find a recent list of countries with per capita GDP. Look at the list. Get an idea of which are the rich countries, and which are the poor. What patterns do you see with the rich and poor countries? Which source did you use? How does it vary from other lists? Write one page (single-spaced) summary of what trends you see on this list. Make sure you reference your source.

All countries do not converge to the same level of per capita GDP as the United...

All countries do not converge to the same level of per capita GDP as the United States, Germany, and Japan. Discuss the reasons behind this.

This question is about the rule of 70! In recent decades, the real per capita GDP...

This question is about the rule of 70! In recent decades, the real per capita GDP in the fast growing countries such as China ($2444 in 1985; $13043 in 2017), India ($1032 in 1985, $6422 in 2017), South Korea ($6630 in 1985, $36265 in 2017), Singapore ($18711 in 1985, $67138 in 2017), and Taiwan ($12088 in 1985, $43211 in 2017) has risen about around 8 percent per year on average. around 2 percent per year on average. 4 - 6...

Using GDP per capita to compare living standards in different countries a. does not account for...

Using GDP per capita to compare living standards in different countries a. does not account for big differences in the distribution of income in these countries. b. overlooks the fact that China has a huge population and Norway is very small. c. is such a poor measure that economists do not use it anymore. d. shows you that America has the highest standard of living in the world. Owning stock in a company a. represents part ownership in the company....

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It is found that the real GDP per capita of developing countries grows faster than developed countries at the same period. Explain this phenomenon in the light of diminishing returns to capital.

Some countries in the world have a higher levels of GDP per capita than others. With...

Some countries in the world have a higher levels of GDP per capita than others. With this knowledge, discuss the factors that are responsible for causing economic growth.

Why is the GDP per capita predicted by the Solow model for several developing countries higher...

Why is the GDP per capita predicted by the Solow model for several developing countries higher than the actual GDP per capita that we observe from the data?

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In 1980's India's GDP per capita and China's GDP per capita were about the same, with the former slightly higher than the latter. In the next three decades, however, China economy grow faster than India economy. In this question, I want you to provide explanations to explain why China economy grow faster than India economy. Your explanations should be based on the course materials and the facts I provide below. In other words, you do not need to do any...

Consider the following data on real GDP per capita in: Year Per Capita Real GDP 1950...

Consider the following data on real GDP per capita in: Year Per Capita Real GDP 1950 14 339 1960 17 351 1970 23 790 1980 30 732 1990 35 868 2000 43 288 2010 46 406 2011 47 554 2012 47 741 2013 48 066 2014 48 780 a) Calculate the percentage growth rates in real GDP per capita in each of the years 2011 through 2014, from the previous year. b) Now, instead of calculating the annual percentage growth...

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