Please see photos for tables and questions to be answered ! Real GDPReal GDPReal GDPper capitaper capitaper capita$20,000$14,000$10,00018,0009,000South Korea12,000Botswana16,000Argentina8,00014,00010,0007,00012,0006,0008,00010,000Chile5,0006,0008,0004,0006,0004,0003,000Zimbabwe4,0002,000North Korea2,0002,0001,0001950 1960 1970 1980 1990 20001950 1960 1970 1980 1990 20001950 1960 1970 1980 1990 2000a. According to the figure, which country in each pair experienced faster growth in GDP per capita from 1980 to 2000?North KoreaArgentinaBotswanaSouth KoreaChileZimbabwenternational Economics, 5e © 2021 Worth Publishers The following table shows the 2000 World Bank's World Governance Indicators for the same three pairs of geographicallyadjacent countries.Control ofGovernmentPolitical Stability andRule ofRegulatoryVoice andCorruptionEffectivenessAbsence of ViolenceLawQualityAccountabilitySouth Korea0.370.630.490.640.470.76North Korea-0.93-1.10-066-1.08-1.70-2.02Chile1.561.340.851.311.380.56Argentina-0.340.280.480.170.450.44Botswana1.020.980.900.670.790.78Zimbabwe-0.87-1.13-1.21-0.74-1.61-0.97b. According to the table, which country in each pair consistently experienced the higher governance rating?

Real GDP Real GDP Real GDP per capita per capita per capita $20,000 $14,000 $10,000 18,000 9,000 South Korea 12,000 Botswana 16,000 Argentina 8,000 14,000 10,000 7,000 12,000 6,000 8,000 10,000 Chile 5,000 6,000 8,000 4,000 6,000 4,000 3,000 Zimbabwe 4,000 2,000 North Korea 2,000 2,000 1,000 1950 1960 1970 1980 1990 2000 1950 1960 1970 1980 1990 2000 1950 1960 1970 1980 1990 2000 a. According to the figure, which country in each pair experienced faster growth in GDP per capita from 1980 to 2000? North Korea Argentina Botswana South Korea Chile Zimbabwe Feenstra/Taylor, International Economics, 5e © 2021 Worth Publishers

Real GDP Real GDP Real GDP per capita per capita per capita $20,000 $14,000 $10,000 18,000 9,000 South Korea 12,000 Botswana 16,000 Argentina 8,000 14,000 10,000 7,000 12,000 6,000 8,000 10,000 Chile 5,000 6,000 8,000 4,000 6,000 4,000 3,000 Zimbabwe 4,000 2,000 North Korea 2,000 2,000 1,000 1950 1960 1970 1980 1990 2000 1950 1960 1970 1980 1990 2000 1950 1960 1970 1980 1990 2000 a. According to the figure, which country in each pair experienced faster growth in GDP per capita from 1980 to 2000? North Korea Argentina Botswana South Korea Chile Zimbabwe Feenstra/Taylor, International Economics, 5e © 2021 Worth Publishers

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 6SCQ: Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a...

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