Question
1. Go to the World Banks website (https://data.worldbank.org/indicator/NY.GDP.PCAP.KD), nd the data on real GDP per capita (in constant 2010 US$) for China, the United States,
1. Go to the World Banks website (https://data.worldbank.org/indicator/NY.GDP.PCAP.KD), nd the data on real GDP per capita (in constant 2010 US$) for China, the United States, and a country/economy of your choice (Call it Economy A), for the years 1960 and 2020.
(a) Compute the average annual growth rate of real GDP per capita between 1960 and 2020 for each of the three countries/economies.
(b) Using the growth rates in (a), do you observe convergence between China and the United States since 1960? How about Economy A and the United States? Explain.
(c) Suggest a reason for the convergence or divergence between Economy A and the United States.
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