What might explain the difference between the growth rates

Assignment Help Macroeconomics

Reference no: EM131492711

Question: The table below shows the average gross domestic product (GDP) for low-, middle-, and high-income countries for the years 1990 and 2004. Study the table, and then answer the following questions in short paragraphs.

a. Determine the percentage change in GDP for low-, middle-, and high-income countries. How do these rates compare?

b. What might explain the difference between the growth rates?

c. How might growing globalization change the GDP for these countries?

Reference no: EM131492711

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