The accompanying table shows data from the World Bank, World Development Indicators, for real GDP per capita

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The accompanying table shows data from the World Bank, World Development Indicators, for real GDP per capita (in 2010 U.S. dollars) for Argentina, Ghana, South Korea, and Canada for 1960, 1980, 2000, and 2015.Argentina Canada Ghana South Korea Percentage of Percentage of 1960 real GDP Percentage of Percentage of 1960 real Real


a. Complete the table by expressing each year€™s real GDP per capita as a percentage of its 1960 and 2015 levels.

b. How does the growth in living standards from 1960 to 2015 compare across these four nations? What might account for these differences?

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Macroeconomics

ISBN: 978-1319120054

3rd Canadian edition

Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson

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