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? O 2.5 1960-2017 growth (percent) 2.0 1.5 1960-2017 growth (percent) 1.0 Convergence 10 1960 GDP (constant dollars per person) Convergence 15 10 15 1960 GDP (constant dollars per person) 20 20
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? O 2.5 1960-2017 growth (percent) 2.0 1.5 1960-2017 growth (percent) 1.0 Convergence 10 1960 GDP (constant dollars per person) Convergence 15 10 15 1960 GDP (constant dollars per person) 20 20
Chapter19: Economic Development
Section: Chapter Questions
Problem 1.1P
Related questions
Question
![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?
O
2.5
1960-2017 growth (percent)
2.0
1.5
1.0
3
2
5
5
Convergence
10
1960 GDP (constant dollars per person)
Convergence
15
10
15
1960 GDP (constant dollars per person)
20
20](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2fccfb30-2a23-4d95-8363-5df63107a625%2F898ecf28-fd60-4aaa-9f7d-a86bd795a26c%2F8pvfr8_processed.png&w=3840&q=75)
Transcribed Image Text: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?
O
2.5
1960-2017 growth (percent)
2.0
1.5
1.0
3
2
5
5
Convergence
10
1960 GDP (constant dollars per person)
Convergence
15
10
15
1960 GDP (constant dollars per person)
20
20
![O
O
6.0
5.5
1960-2017 growth (percent)
4.5
5.0
1960-2017 growth (percent)
3.5 4.0 4.5 5.0 5.5 6.0 6.5
எர்க]எம்**152விர்ஸல.
T
5
Convergence
5
10
1960 GDP (constant dollars per person)
Convergence
15
10
15
1960 GDP (constant dollars per person)
20](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2fccfb30-2a23-4d95-8363-5df63107a625%2F898ecf28-fd60-4aaa-9f7d-a86bd795a26c%2Fnxkfljc_processed.png&w=3840&q=75)
Transcribed Image Text:O
O
6.0
5.5
1960-2017 growth (percent)
4.5
5.0
1960-2017 growth (percent)
3.5 4.0 4.5 5.0 5.5 6.0 6.5
எர்க]எம்**152விர்ஸல.
T
5
Convergence
5
10
1960 GDP (constant dollars per person)
Convergence
15
10
15
1960 GDP (constant dollars per person)
20
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