Please see photos for tables and questions to be answered ! Real GDPReal GDPReal GDPper capitaper capitaper capita$20,000$14,000$10,00018,0009,000South Korea12,000Botswana16,000Argentina8,00014,00010,0007,00012,0006,0008,00010,000Chile5,0006,0008,0004,0006,0004,0003,000Zimbabwe4,0002,000North Korea2,0002,0001,0001950 1960 1970 1980 1990 20001950 1960 1970 1980 1990 20001950 1960 1970 1980 1990 2000a. According to the figure, which country in each pair experienced faster growth in GDP per capita from 1980 to 2000?North KoreaArgentinaBotswanaSouth KoreaChileZimbabwenternational Economics, 5e © 2021 Worth Publishers The following table shows the 2000 World Bank's World Governance Indicators for the same three pairs of geographicallyadjacent countries.Control ofGovernmentPolitical Stability andRule ofRegulatoryVoice andCorruptionEffectivenessAbsence of ViolenceLawQualityAccountabilitySouth Korea0.370.630.490.640.470.76North Korea-0.93-1.10-066-1.08-1.70-2.02Chile1.561.340.851.311.380.56Argentina-0.340.280.480.170.450.44Botswana1.020.980.900.670.790.78Zimbabwe-0.87-1.13-1.21-0.74-1.61-0.97b. According to the table, which country in each pair consistently experienced the higher governance rating?

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

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 31CTQ: As technological change makes us more sedentary and food costs increase, obesity is likely. What...

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9 On O on G Qu O Ins SO so O I Gra E Co E DiaE Co Shtt D m/document/d/1NIbZ8y8Hza_EHeTgoCptFjhxirv5DG8Q/edit icati. H Astronaut Bio's Pt Periodic Table - Pta... G 1.429 kg/m3 to g/. M (no subject) - mori. H Help Last edit was yesterday at 7:24 PM - Calibri BIUA 三===| 三|ニミ▼E▼三 28 4. 2 3 5 O What is a Business? In your own words, explain what a business is? Types of Businesses Explain each of the following types of businesses. Then provide 3 examples of each. • for-profit business • non-profit organization. Product Life Cycle List the 4 stages of the Product Life Cycle. Then explain how a company's sales are doing at each stage (ex. At this stage a company's sales are increasing). Forms of Business Ownership List and explain the 3 forms of business ownership we discussed in Unit 1. Provide 1 advantage and 1 disadvantage for each form of ownership. Supply and Demand Define Supply. Define Demand. How do they interact to determine the market price of a product or service? Needs and Wants…
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