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Back to Assignment Attempts Keep the Highest ? 2 Economic growth around the world The following table shows levels of real income per person in
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Attempts Keep the Highest
Economic growth around the world
The following table shows levels of real income per person in several economies during the years and The table further shows the average annual growth rate for each economy over this time period. For instance, real income per person in Zambia was $ in and it actually declined to $ by Zambia's average annual growth rate during this period was and it featured the lowest level of real income per person of any economy listed in the table in the year
The levels of real income per person are reported in US dollars using a base year of The following exercises will provide insight into the different growth experiences of these nations.
tabletableReal Income per Perstablein tableReal Income per Person in tableAnnual Growth RateAustriaVenezuelaBotswanaMalaysiaHondurasZambia
Indicate which economy satisfies each of the following statements.
tableStatementThis economy had the highest level of real income per person in the Austria Botswana Honduras Malaysia Venezuela Zambiayear This economy experienced the fastest rate of growth in real incomeper person from to
Consider the following four nations listed below. Which economy started with a level of real income per person of well below that of Venezuela and grew fast enough to catch up with and surpass Venezuela's real income per person by
Austria
Botswana
Malaysia
Zambia
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