Growth in real GDP per capita Initial level of real GDP per capita Refer to Figure 11-5. Based on the "catch-up line" drawn above, poorer countries are more likely to be at a point like GDP is relatively O A; low; B; high A; high; B; low B; low; A; high B; high; A; low where growth in while richer countries are more likely to be at a point like where growth in GDP is relatively 0000
Growth in real GDP per capita Initial level of real GDP per capita Refer to Figure 11-5. Based on the "catch-up line" drawn above, poorer countries are more likely to be at a point like GDP is relatively O A; low; B; high A; high; B; low B; low; A; high B; high; A; low where growth in while richer countries are more likely to be at a point like where growth in GDP is relatively 0000
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Figure 11-5
Growth in
real GDP
per capita
Initial level of
real GDP per capita
Refer to Figure 11-5. Based on the "catch-up line" drawn above, poorer countries are more likely to be at a point like
GDP is relatively
O A; low; B; high
O A; high; B; low
O B; low; A; high
O B; high; A; low
where growth in
while richer countries are more likely to be at a point like
,where growth in GDP is relatively
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