Consider the following graph created be heston

Reference no: EM131005788

Consider the following graph created be Heston and others. It shows per capita GDP growth rates of various countries (1960-2010) on the vertical axis and 1960 per capita GDP (in dollars) of those countries on the horizontal axis. The 1960 GDP numbers show the "initial" GDP conditions in these countries. Based on this graph, we can conclude that:

(See Attached Graph)

Select one:

a. lower income countries consistently grew faster than higher income countries.

b. the average income of lower income countries eventually will catch up with developed country levels.

c. no tendency that lower income countries are growing faster than higher income countries.

d. the growth rates of many lower income countries are similar

Reference no: EM131005788

Questions Cloud

What is the composition of the original solution : A solution that contains nitromethane in acetonitrile is heated at constant pressure of 1 bar until the first bubble appears. If the temperature at this point is 85 °C, what is the composition of the original solution?

What caused the economic crisis : What caused the economic crisis? Was it mostly people who got loans with little credit?

An economy has the general linear production function : An economy has the general LINEAR production function given by: y = Ak Note that this is different from the standard Solow model where y = Akα What can we say about this model represented by y = Ak?

What is the mol fraction of water vapor in the air : The pressure is 1 bar, the relative humidity is 75%, and the dew temperature is 25 °C. What is the mol fraction of water vapor in the air?

Consider the following graph created be heston : Consider the following graph created be Heston and others. It shows per capita GDP growth rates of various countries (1960-2010) on the vertical axis and 1960 per capita GDP (in dollars) of those countries on the horizontal axis.

How would the firm categorize its labor costs : The Wheeler Wheat Farm sells wheat to a grain broker in Seattle, Washington. Since the market for wheat is perfectly competitive, the Wheeler Farm

What is the fugacity of toluene in this mixture : A solution of the two components that contains 62% mol toluene is slowly heated at constant pressure. When the solution begins to boil the temperature reads 120 °C. What is the pressure?

How the president faithfully executes the laws : Do states have standing to sue the executive branch for how the president "faithfully executes" the laws made by Congress? Unless constrained by Congress, does the President have the right and duty to act as he/she sees fit to "take care that the l..

Maximize the store expected pro?t : If the commodity costs the store c per pound, and can be sold at a price of s > c per pound, how much should be ordered so as to maximize the store's expected pro?t? Assume that any inventory left over at the end of the month is worthless and that..

User Account

All Pages