The following table shows real GDP per capita for Canada, South Korea, and Uganda between 1970 and 2000. All figures are in 1998 U.S. dollars. The (decade-long) economic growth rate for Canada is shown in the second column. For example, from 1970 to 1980, Canada's GDP grew from $12,717 to $16,731, an increase of $16,731−$12,717$12,717=32%$16,731−$12,717$12,717=32%. Use this method to fill in the growth rates for South Korea and Uganda. Canada South Korea Uganda Year Real GDP per Capita Growth Rate Real GDP per Capita Growth Rate Real GDP per Capita Growth Rate 1970 $12,717 $1,886 $190 1980 $16,731 32% $3,262 $182 1990 $19,540 17% $6,615 $176 2000 $23,156 19% $10,807 $247 Source: Organisation for Economic Cooperation and Development (OECD) 1.Compare the data for Canada and South Korea between 1970 and 1980. During this period, (south korea or canda?) had a higher level of real GDP per capita, while ( South Korea or canda?) experienced a higher growth rate in real GDP per capita. 2. Those who don't believe in the theory of convergence point to countries such as (canda or south korea or uganda?) . Which of the following statements can explain why the theory of convergence may not always hold? Check all that apply. a.Many poor countries have much less human capital than rich countries. b.Many poor countries have much higher birth rates than rich countries. c. Convergence theory applies only to small countries.
The following table shows real GDP per capita for Canada, South Korea, and Uganda between 1970 and 2000. All figures are in 1998 U.S. dollars. The (decade-long) economic growth rate for Canada is shown in the second column. For example, from 1970 to 1980, Canada's GDP grew from $12,717 to $16,731, an increase of $16,731−$12,717$12,717=32%$16,731−$12,717$12,717=32%. Use this method to fill in the growth rates for South Korea and Uganda. Canada South Korea Uganda Year Real GDP per Capita Growth Rate Real GDP per Capita Growth Rate Real GDP per Capita Growth Rate 1970 $12,717 $1,886 $190 1980 $16,731 32% $3,262 $182 1990 $19,540 17% $6,615 $176 2000 $23,156 19% $10,807 $247 Source: Organisation for Economic Cooperation and Development (OECD) 1.Compare the data for Canada and South Korea between 1970 and 1980. During this period, (south korea or canda?) had a higher level of real GDP per capita, while ( South Korea or canda?) experienced a higher growth rate in real GDP per capita. 2. Those who don't believe in the theory of convergence point to countries such as (canda or south korea or uganda?) . Which of the following statements can explain why the theory of convergence may not always hold? Check all that apply. a.Many poor countries have much less human capital than rich countries. b.Many poor countries have much higher birth rates than rich countries. c. Convergence theory applies only to small countries.
Chapter20: Growth And Less Developed Countries
Section: Chapter Questions
Problem 3SQP
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Question
The following table shows real GDP per capita for Canada, South Korea, and Uganda between 1970 and 2000. All figures are in 1998 U.S. dollars.
The (decade-long) economic growth rate for Canada is shown in the second column. For example, from 1970 to 1980, Canada's GDP grew from $12,717 to $16,731, an increase of $16,731−$12,717$12,717=32%$16,731−$12,717$12,717=32%.
Use this method to fill in the growth rates for South Korea and Uganda.
|
|
Canada
|
South Korea
|
Uganda
|
|||
|---|---|---|---|---|---|---|
| Year | Real GDP per Capita | Growth Rate | Real GDP per Capita | Growth Rate | Real GDP per Capita | Growth Rate |
| 1970 | $12,717 | $1,886 | $190 | |||
| 1980 | $16,731 | 32% | $3,262 |
|
$182 |
|
| 1990 | $19,540 | 17% | $6,615 |
|
$176 |
|
| 2000 | $23,156 | 19% | $10,807 |
|
$247 |
|
Source: Organisation for Economic Cooperation and Development (OECD)
1.Compare the data for Canada and South Korea between 1970 and 1980. During this period, (south korea or canda?) had a higher level of real GDP per capita, while ( South Korea or canda?) experienced a higher growth rate in real GDP per capita.
2.
Those who don't believe in the theory of convergence point to countries such as (canda or south korea or uganda?) . Which of the following statements can explain why the theory of convergence may not always hold? Check all that apply.
a.Many poor countries have much less human capital than rich countries.
b.Many poor countries have much higher birth rates than rich countries.
c. Convergence theory applies only to small countries.
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