ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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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
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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?
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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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