MACROECONOMICS W/CONNECT
18th Edition
ISBN: 9781307253092
Author: McConnell
Publisher: Mcgraw-Hill/Create
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Question
Chapter 22, Problem 3RQ
To determine
The effect of higher population growth over living standards.
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On the following scatter plots, the 1960 real per capita GDP is on the x-axis and the y-axis represents the average economic
growth rate between 1960 and 2017. Which one shows the strongest evidence in favour of convergence?
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2.0
1.5
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3
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10
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1960 GDP (constant dollars per person)
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QUESTION 11
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are 200 in year 1, and productivity is $8
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