Please do it by type not pics. 1.The following table contains per capita real GDP for...

Please do it by type not pics.

1.The following table contains per capita real GDP for 11 countries for the years 1950 and 2014. Compare a selected group of country’s GDP as compared to Argentina. Are there any “unusual” observations you can make about the data? Based on your knowledge of the countries, discuss some possible explanations of why some countries do better than others. Next, calculate the average real GDP growth rate for each country. I would recommend copying and pasting in a spreadsheet to calculate the groMh grades. Use 65 years as t. Briefly discuss your conclusions.

Table 3.1: Real Per Capita GDP in $US

Country 1950 2014

Argentina	2,890	20,222
Colombia	3,179	12,599
Costa Rica	3,223	14,186
Cyprus	2,784	28,602
Japan	2,616	35,358
Mauritius	4,665	17,942
Nicaragua	3,404	4,453
Portugal	2,727	28,476
Turkey	3,054	19,236
Uruguay	6,259	20,396

Venezuela 5,862 14,134

(Source: Penn World Tables 9.0)

2.Explain the factors that influence the ability of countries and populations to develop into modern industrialized countries?

a.Per class discussion what role does the “rule of law” play in economic development?

b.Why does your instructor believe this is the most important factor in economic development?

c.Compare the role of TFP to capital accumulation is economic development

Solutions

Expert Solution

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

Please do it by type not pics. 1.The empirical tit of ttte production model: The table...

Please do it by type not pics. 1.The empirical tit of ttte production model: The table below reports per capita GDP and capital per person in the year 2014 for 10 countries. Your task is to fill in the missing columns of the table. a.Given the values in columns 1 and 2, fill in columns 3 and 4. That is, compute per capiiz GDP and capital per person relative to the U.S. values. b.In column 5, use the production model...

The following table depicts statistics on GDP per capita (ie, GDP/population) in column (1) and its...

The following table depicts statistics on GDP per capita (ie, GDP/population) in column (1) and its growth rate for the country groups (column 2) defined by GDP levels (High-income, Middle-income and Low-income). They are all expressed as real (constant) GDP. (1) (2) (3) Country group GDP per capita (Year 2010) Average annual growth rate of real GDP per capita (Year 2000-2010) GDP per capita (Year 2088) High-income 38,293 0.9% ? Middle-income 3,980 4.8% ? Low-income 507 3.0% ? Source: The...

Please do it by type not pics. 1.Waller Co. paid a $0.153 dividend per share in...

Please do it by type not pics. 1.Waller Co. paid a $0.153 dividend per share in 2000, which grew to $0.333 in 2012. This growth is expected to continue. What is the value of this stock at the beginning of 2013 when the required return is 15.3 percent? 2.Consider a firm that had been priced using a 12 percent growth rate and a 14 percent required return. The firm recently paid a $2.05 dividend. The firm just announced that because...

Please discuss the important factors in explaining increases in real GDP per capita in the long...

Please discuss the important factors in explaining increases in real GDP per capita in the long run. Which factor do you think is the most important? Why?

Please discuss the important factors in explaining increases in real GDP per capita in the long...

Please discuss the important factors in explaining increases in real GDP per capita in the long run. Which factor do you think is the most important? Why?

Graphically illustrate the impact of the following events on real GDP per capita in a balanced-...

Graphically illustrate the impact of the following events on real GDP per capita in a balanced- growth-path equilibrium. Keep in mind that the Solow model graph provides qualitative predictions for variables such as real GDP per effective worker (y), and that real GDP per capita is given by Y/L = A × y. a) For the first time in modern history, the birthrate in Japan falls below the mortality rate. (5 points) b) A megathrust earthquake, much like the 2004...

1) According to the rule of 70, if a country's real GDP per capita grows at...

1) According to the rule of 70, if a country's real GDP per capita grows at an annual rate of 2% instead of 3%, it will take _____ for that country to double its level of real GDP per capita. a) 11.67 additional years b)35 additional years C) 3.3 additional years D) 30 additional years --------- 2) In a closed economy, GDP = $10 trillion, Consumption = $6 trillion, and government spending is $2 trillion. Total taxes are $1.5...

why might you be interested in per capita real GDP rather than real GDP? and why...

why might you be interested in per capita real GDP rather than real GDP? and why might you be interested in real GDP rather than per capita real gdp?

1. Since the end of the Civil War, real GDP per capita in the United States...

1. Since the end of the Civil War, real GDP per capita in the United States has grown at roughly 2 percent per year. Some scholars argue that the true standard of living for Americans has increased faster than 2 percent per year, while others believe that standards of living have increased more slowly than 2 percent per year. What types of arguments are used to justify a higher or lower rate in the increase in the standard of living...

Please do it by type not pics. 1.You are considering an investment in Roxie's Bed &...

Please do it by type not pics. 1.You are considering an investment in Roxie's Bed & Breakfast Corp. During the last year, the firm's income statement listed an addition to retained earnings of $10.20 million and common stock dividends of $3.10 million. Roxie's year-end balance sheet shows common stockholders' equity of $44.9 million with 19 million shares of common stock outstanding. The common stock's market price per share was $9.30. What is Roxie's Bed & Breakfast's book value per share?...

Subjects