Why did the average GDP growth rate declined in Western Europe during the period of 1913- 1950 comparing to the period 1870-1913. Start you answer by quoting the GDP growth rates (not GDP per capita growth rates) from the Madison table. Table 3-1a. Growth of Per Capita GDP, Population and GDP: World and Major Regions, 1000–1998(annual average compound growth rates)1000-1500 1500-18201820-70 1870-1913 1913-501950-73(1973-98Per capita GDP1.78T.942.343.540.99-1.100.011.330.951.42Westem EuropeWestem OffhootsJapanAsia (exduding Japan)"Lain AmericaEastem Europe & former USSRAfricaWorld0.13• 0.004.080.150.341321.810.761.550.898.052.922.521.480.381.81• 1.150.641.30.0.030.090.190.050.000.15-0.11-0.020.010.04-0.010.050.100.640.120.531.421.50.3.492.072.930.100.010.051.020.91Populabon0.321.020.70(1551.152.19Westem EuropeWestem OffshootsJapanAsia (excluding Japan)Latin AmericaEastem Europe & former USSRAfricaWorld0.16.0.070.14.0.090.090.16.0.260.430.220.290.060.692.870.210.151.270.772.070.950.551.641.210.750.421.251.310.611.862.010.542.731.660.921.972.73• 0.341.65- 0.931312.331.920.34.0.870.150.270.400.400.070.100.80GDP/1.654.330.412.112.982.975.46.3.02-0.562.743.012.10Westem EuropeWestern Offshoots- JapanAsia (excluding Japan)- Latin AmericaEastern Europe & former USSRAfricaWorld4.814.039.29.5.185.334.844.450.300.070.180.411.190.78*0.313.922812,21 .0.903.431.842.691.852.440.130.090.200.060.150.290.210.440.160.320.031.370.943,482.371.402.111.520.520,934.91SourceAppendices A and B. .Table 3-1b. Levels of Per Capita GDP and Interregional Spreads, 1000-19981990 international dollar).· 1000--15001820 -187019131950197319981 2321 2016695753 4735 257 .138764015111 501• 58515101 9742 43173711 53416 172(Western EuropeWestern OffshootsJapanAsia (exduding Japan).Latin AmericaEastem Europe & former USSRAfricaWorldInterregional Spreads4004004254504004004164351.1:17744005005724164834005652:14 5949 2881 9266352 5542 60117 92126 14620 4132 9365 7954 3541 368-5 70919:111 4391 2314 5315436656674186673:16989175.7291 3654448675:185221144 10413:1

Why did the average GDP growth rate declined in Western Europe during the period of 1913- 1950 comparing to the period 1870-1913. Start you answer by quoting the GDP growth rates (not GDP per capita growth rates) from the Madison table

Why did the average GDP growth rate declined in Western Europe during the period of 1913- 1950 comparing to the period 1870-1913. Start you answer by quoting the GDP growth rates (not GDP per capita growth rates) from the Madison table

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Table 3-1a. Growth of Per Capita GDP, Population and GDP: World and Major Regions, 1000–1998
(annual average compound growth rates)
1000-1500 1500-1820
1820-70 1870-1913 1913-50
1950-73
(1973-98
Per capita GDP
1.78
T.94
2.34
3.54
0.99
-1.10
0.01
1.33
0.95
1.42
Westem Europe
Westem Offhoots
Japan
Asia (exduding Japan)
"Lain America
Eastem Europe & former USSR
Africa
World
0.13
• 0.00
4.08
0.15
0.34
132
1.81
0.76
1.55
0.89
8.05
2.92
2.52
1.48
0.38
1.81
• 1.15
0.64
1.30.
0.03
0.09
0.19
0.05
0.00
0.15
-0.11
-0.02
0.01
0.04
-0.01
0.05
0.10
0.64
0.12
0.53
1.42
1.50.
3.49
2.07
2.93
0.10
0.01
0.05
1.02
0.91
Populabon
0.32
1.02
0.70
(155
1.15
2.19
Westem Europe
Westem Offshoots
Japan
Asia (excluding Japan)
Latin America
Eastem Europe & former USSR
Africa
World
0.16.
0.07
0.14.
0.09
0.09
0.16.
0.26
0.43
0.22
0.29
0.06
0.69
2.87
0.21
0.15
1.27
0.77
2.07
0.95
0.55
1.64
1.21
0.75
0.42
1.25
1.31
0.61
1.86
2.01
0.54
2.73
1.66
0.92
1.97
2.73
• 0.34
1.65
- 0.93
131
2.33
1.92
0.34
.0.87
0.15
0.27
0.40
0.40
0.07
0.10
0.80
GDP/
1.65
4.33
0.41
2.11
2.98
2.97
5.46
.3.02
-0.56
2.74
3.01
2.10
Westem Europe
Western Offshoots
- Japan
Asia (excluding Japan)
- Latin America
Eastern Europe & former USSR
Africa
World
4.81
4.03
9.29.
5.18
5.33
4.84
4.45
0.30
0.07
0.18
0.41
1.19
0.78
*0.31
3.92
281
2,21 .
0.90
3.43
1.84
2.69
1.85
2.44
0.13
0.09
0.20
0.06
0.15
0.29
0.21
0.44
0.16
0.32
0.03
1.37
0.94
3,48
2.37
1.40
2.11
1.52
0.52
0,93
4.91
Source
Appendices A and B. .
Table 3-1b. Levels of Per Capita GDP and Interregional Spreads, 1000-1998
1990 international dollar).
· 1000
--1500
1820 -
1870
1913
1950
1973
1998
1 232
1 201
669
575
3 473
5 257 .
1387
640
1511
1 501
• 585
1510
1 974
2 431
737
11 534
16 172
(Western Europe
Western Offshoots
Japan
Asia (exduding Japan).
Latin America
Eastem Europe & former USSR
Africa
World
Interregional Spreads
400
400
425
450
400
400
416
435
1.1:1
774
400
500
572
416
483
400
565
2:1
4 594
9 288
1 926
635
2 554
2 601
17 921
26 146
20 413
2 936
5 795
4 354
1 368
-5 709
19:1
11 439
1 231
4 531
543
665
667
418
667
3:1
698
917
5.729
1 365
444
867
5:1
852
2114
4 104
13:1

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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