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Real GDP Real GDP Real GDP per capita per capita per capita $20,000 $14,000 $10,000 18,000 9,000 South Korea 12,000 Botswana 16,000 Argentina 8,000 14,000 10,000 7,000 12,000 6,000 8,000 10,000 Chile 5,000 6,000 8,000 4,000 6,000 4,000 3,000 Zimbabwe 4,000 2,000 North Korea 2,000 2,000 1,000 1950 1960 1970 1980 1990 2000 1950 1960 1970 1980 1990 2000 1950 1960 1970 1980 1990 2000 a. According to the figure, which country in each pair experienced faster growth in GDP per capita from 1980 to 2000? North Korea Argentina Botswana South Korea Chile Zimbabwe Feenstra/Taylor, International Economics, 5e © 2021 Worth Publishers

Real GDP Real GDP Real GDP per capita per capita per capita $20,000 $14,000 $10,000 18,000 9,000 South Korea 12,000 Botswana 16,000 Argentina 8,000 14,000 10,000 7,000 12,000 6,000 8,000 10,000 Chile 5,000 6,000 8,000 4,000 6,000 4,000 3,000 Zimbabwe 4,000 2,000 North Korea 2,000 2,000 1,000 1950 1960 1970 1980 1990 2000 1950 1960 1970 1980 1990 2000 1950 1960 1970 1980 1990 2000 a. According to the figure, which country in each pair experienced faster growth in GDP per capita from 1980 to 2000? North Korea Argentina Botswana South Korea Chile Zimbabwe Feenstra/Taylor, International Economics, 5e © 2021 Worth Publishers

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Real GDP Real GDP Real GDP per capita per capita per capita $20,000 $14,000 $10,000 18,000 9,000 South Korea 12,000 Botswana 16,000 Argentina 8,000 14,000 10,000 7,000 12,000 6,000 8,000 10,000 Chile 5,000 6,000 8,000 4,000 6,000 4,000 3,000 Zimbabwe 4,000 2,000 North Korea 2,000 2,000 1,000 1950 1960 1970 1980 1990 2000 1950 1960 1970 1980 1990 2000 1950 1960 1970 1980 1990 2000 a. According to the figure, which country in each pair experienced faster growth in GDP per capita from 1980 to 2000? North Korea Argentina Botswana South Korea Chile Zimbabwe nternational Economics, 5e © 2021 Worth Publishers
Transcribed Image Text:Real GDP Real GDP Real GDP per capita per capita per capita $20,000 $14,000 $10,000 18,000 9,000 South Korea 12,000 Botswana 16,000 Argentina 8,000 14,000 10,000 7,000 12,000 6,000 8,000 10,000 Chile 5,000 6,000 8,000 4,000 6,000 4,000 3,000 Zimbabwe 4,000 2,000 North Korea 2,000 2,000 1,000 1950 1960 1970 1980 1990 2000 1950 1960 1970 1980 1990 2000 1950 1960 1970 1980 1990 2000 a. According to the figure, which country in each pair experienced faster growth in GDP per capita from 1980 to 2000? North Korea Argentina Botswana South Korea Chile Zimbabwe nternational Economics, 5e © 2021 Worth Publishers
The following table shows the 2000 World Bank's World Governance Indicators for the same three pairs of geographically adjacent countries. Control of Government Political Stability and Rule of Regulatory Voice and Corruption Effectiveness Absence of Violence Law Quality Accountability South Korea 0.37 0.63 0.49 0.64 0.47 0.76 North Korea -0.93 -1.10 -066 -1.08 -1.70 -2.02 Chile 1.56 1.34 0.85 1.31 1.38 0.56 Argentina -0.34 0.28 0.48 0.17 0.45 0.44 Botswana 1.02 0.98 0.90 0.67 0.79 0.78 Zimbabwe -0.87 -1.13 -1.21 -0.74 -1.61 -0.97 b. According to the table, which country in each pair consistently experienced the higher governance rating?
Transcribed Image Text:The following table shows the 2000 World Bank's World Governance Indicators for the same three pairs of geographically adjacent countries. Control of Government Political Stability and Rule of Regulatory Voice and Corruption Effectiveness Absence of Violence Law Quality Accountability South Korea 0.37 0.63 0.49 0.64 0.47 0.76 North Korea -0.93 -1.10 -066 -1.08 -1.70 -2.02 Chile 1.56 1.34 0.85 1.31 1.38 0.56 Argentina -0.34 0.28 0.48 0.17 0.45 0.44 Botswana 1.02 0.98 0.90 0.67 0.79 0.78 Zimbabwe -0.87 -1.13 -1.21 -0.74 -1.61 -0.97 b. According to the table, which country in each pair consistently experienced the higher governance rating?
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