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Table 11-5CountryReal GDP per Capitain 1960 (1996 dollars)Growth in Real GDPper Capita1960-2000Belgium$7,7785.02%France7,8244.53%Canada10,3833.88%Denmark10,9883.47%221)Refer to Table 11-5.Consider the statistics in the table above in describing theindustrialized countries. Are these consistent with the economic growth model? Brieflyexplain.221)Page Ref: 750-751/368-369Learning Outcome: Macro-16: Discuss the obstacles to development in developing countries andways to address those obstacles.Table 11-6CountryReal GDP per Capitain 1960 (1996 dollars)Average AnnualGrowth in Real GDPper Capita between1960 and 2000India$8474.70%Bangladesh1,0571.45%Honduras1,7000.50%Bolivia2,3540.38%222)Refer to Table 11-6.Consider the statistics in the table above in describing thedeveloping countries. Are these consistent with the economic growth model? Brieflyexplain.222)Page Ref: 750-751/368-369Learning Outcome: Macro-17: Discuss the fundamentals of key macroeconomic theories.53