Three Irish sisters are thinking about emigrating in 1870. The options are going to the United States or Argentina, or staying in Ireland. They cannot agree where to go and split up. One stays in Ireland, one emigrates to the United States and one to Argentina. The following table provides information on real GDP per capita in 1870, 1913, and 1929 in Ireland, the United States and Argentina expressed in U.S. dollars of 1990, which we will use to analyze how each did. real GDP per capita 1870 1913 1929 Ireland 1,775 2,736 2,824 United States 2,445 5,301 6,899 Argentina 1,311 3,797 4,367 (a) Using GDP per capita as a measure of wealth, how much richer or poorer was the average Irish relative to the average American and Argentine in 1870? Express your answer in percent.
Three Irish sisters are thinking about emigrating in 1870. The options
are going to the United States or Argentina, or staying in Ireland. They cannot agree where to go and split up. One stays in Ireland, one emigrates to the United States and one to Argentina. The following table provides information on real
United States and Argentina expressed in U.S. dollars of 1990, which we will use to analyze how each did.
real GDP per capita
1870 1913 1929
Ireland 1,775 2,736 2,824
United States 2,445 5,301 6,899
Argentina 1,311 3,797 4,367
(a) Using GDP per capita as a measure of wealth, how much richer or poorer was the average Irish relative to the average American and Argentine in 1870? Express your answer in percent.
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