Consider the following statistics in the table below. Does this data support the catch-up hypothesis? Country Taiwan Panama Brazil Algeria Japan Venezuela Belgium United Kingdom New Zealand Real GDP per Capita in 1960 (2005 dollars) $1,861 2,120 2,483 4,105 5,586 7,015 10,132 11,204 14,263 Annual Growth in Real GDP per Capita, 1960-2010 5.86% 3.32 2.45 0.85 3.52 0.52 2.54 2.26 1.34

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Consider the following statistics in the table below. Does this data support the catch-up
hypothesis?
Country
Taiwan
Panama
Brazil
Algeria
Japan
Venezuela
Belgium
United Kingdom
New Zealand
Real GDP per Capita in
1960 (2005 dollars)
$1,861
2,120
2,483
4,105
5,586
7,015
10,132
11,204
14,263
Annual Growth in Real GDP
per Capita, 1960-2010
5.86%
3.32
2.45
0.85
3.52
0.52
2.54
2.26
1.34
L
Transcribed Image Text:Consider the following statistics in the table below. Does this data support the catch-up hypothesis? Country Taiwan Panama Brazil Algeria Japan Venezuela Belgium United Kingdom New Zealand Real GDP per Capita in 1960 (2005 dollars) $1,861 2,120 2,483 4,105 5,586 7,015 10,132 11,204 14,263 Annual Growth in Real GDP per Capita, 1960-2010 5.86% 3.32 2.45 0.85 3.52 0.52 2.54 2.26 1.34 L
This data supports the catch-up hypothesis for all countries.
This data contradicts the catch-up hypothesis for the poorest countries.
This data contradicts the catch-up hypothesis for the richest countries.
This data neither supports nor contradicts the catch-up hypothesis.
Transcribed Image Text:This data supports the catch-up hypothesis for all countries. This data contradicts the catch-up hypothesis for the poorest countries. This data contradicts the catch-up hypothesis for the richest countries. This data neither supports nor contradicts the catch-up hypothesis.
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