Quiz_224 - 89 economicgrowthmodel.Thatis,Taiwan,Korea,andSingaporehad_incomesin1960 ,andTaiwan,Korea,andSingaporegrew_than

Quiz_224 - 89...

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89) The industrialized group of countries has growth rates that are consistent with the findings of theeconomic growth model. That is, Taiwan, Korea, and Singapore had ________ incomes in 1960than the United States and Switzerland, and Taiwan, Korea, and Singapore grew ________ thanthe United States and Switzerland between 1960 and 2009.A) greater; more rapidlyB) lower; less rapidlyC) lower; more rapidlyD) greater; less rapidlyAnswer: C89)Diff: 2Page Ref: 727/321Topic: Catch-upLearning Outcome: Macro 17: Discuss the fundamentals of key macroeconomics theoriesAACSB:Table 22-1CountryReal GDP per Capita(in 1996 dollars)Growth in Real GDP perCapita, 1960-2000Botswana$9585.29%Thailand1,0914.70%Japan4,5444.32%Guatemala2,3441.29%90)Refer to Table 22-1.In the table above, which countries are consistent with the predictions of theeconomic growth model?90)Diff: 3Page Ref: 728-729/322-323Topic: Catch-upLearning Outcome: Macro 17: Discuss the fundamentals of key macroeconomics theoriesAACSB: Analytic Skills91) Which of the following can explain why some countries have not experienced relatively highgrowth rates in real GDP per capita despite relatively low initial levels of real GDP per capita?91)Diff: 2Page Ref: 731/225Topic: Catch-upLearning Outcome: Macro 16: Discuss the obstacles to development in developing countries and ways toaddress those obstaclesAACSB: Reflective Thinking24

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