Quiz_226 - 115 Drawagraphofcatch- . ?Explain Answer

Quiz_226 - 115 Drawagraphofcatch- . ?Explain Answer

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115) Draw a graph ofʺcatch-upʺthat shows where you would expect to see a country with lowsaving rates and low levels of health and education. How would you expect real GDP percapita to grow in a country like this? Explain.115)Diff: 2Page Ref: 728-729/322-323Topic: Catch-upLearning Outcome: Macro 16: Discuss the obstacles to development in developing countries andways to address those obstaclesAACSB: Analytic Skills32
Table 22-2CountryReal GDP per Capitain 1960(1996 dollars)Growth in Real GDPper Capita(1996 dollars)Belgium$7,7785.02%France7,8244.53%Canada10,3833.88%Denmark10,9883.47%116)Refer to Table 22-2.Consider the statistics in the table above in describing theindustrialized countries. Are these consistent with the economic growth model? Brieflyexplain.116)

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