11. The table below shows the average income per person in two countries in 1900 and their subsequent growth rates. Country Argentina Growth rate from 1900 to 2010 Income per person in 1900 $2756 $2758 1.03% Canada 2.19% The growth rates are only slightly different so maybe we should expect that they end up with similar, but not identical final incomes but they didn't. What was the absolute value of the difference in their in 2010?

11. The table below shows the average income per person in two countries in 1900 and their subsequent growth rates. Country Argentina Growth rate from 1900 to 2010 Income per person in 1900 $2756 $2758 1.03% Canada 2.19% The growth rates are only slightly different so maybe we should expect that they end up with similar, but not identical final incomes but they didn't. What was the absolute value of the difference in their in 2010?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

11. The table below shows the average income per person in two countries in 1900 and their
subsequent growth rates.
Country
Argentina
Growth rate from 1900 to 2010
Income per person in 1900
$2756
$2758
1.03%
Canada
2.19%
The growth rates are only slightly different so maybe we should expect that they end up with similar,
but not identical final incomes but they didn't. What was the absolute value of the difference in their
incomes per person in 2010?

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