Question
1. Briefly describe the changes in relative income levels revealed by the table above. By 1700, which countries had higher GDP levels per capita? How
1. Briefly describe the changes in relative income levels revealed by the table above. By 1700, which countries had higher GDP levels per capita? How has it changed since then? How has the gap in GDP per capita between countries changed?
2. How do Engerman and Sokoloff explain the reason for this change in relative income?
GDP per capita relative to the U.S. 1800 1900 Argentina Barbados Brazil 150 - Chile Cuba Mexico Peru Canada United States (GDP p.c. in 1985$) 550 167 || 3| | | 1700 1997 |:28 102 52 35 - 51 50 10 22 46 38 42 112 - 50 35 28 41 20 15 67 76 11 807 3,859 20,230
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