Part D: Application Using Your Data Software The data set on the right contains the real per capita GDP for 2 countries from Year SLE USA the Penn World Table (PWT) version 9.1 (Feenstra et al., 2015). The column 1970 1289 23473 names are the country codes, SLE and USA. You may copy the dataset to Excel 1971 1288 24047 1972 1319 25133 or R to do the computations. 1973 1335 26366 Download the data (CSV) a. What is the real per capita GDP for each country in 1970. 1974 1333 25639 1975 1299 25251 SLE: Number 1976 1246 26514 USA: Number 1977 1226 27474 1978 1238 28786 b. What is the average growth rate of each country between 1970 and 2017? Calculate the growth rate of each year using the exact formula 1979 1231 29319 and take the average of all rates. Express your answers in percentage 1980 1172 28511 29046 rounded to the nearest first decimal. 1981 1213 1982 1254 28218 SLE: Number 1983 1202 29398 USA: Number 1984 1228 31520 1218 32549 c. Based on the results of the previous questions, are the two countries 1985 1986 1208 33285 converging to each other? 1987 1259 34007 Converging Not converging 1988 1275 35070 1989 1317 35993 1990 1423 36169 1991 1467 35757 1992 1382 36701 1993 1541 37473 1994 1734 38727 1995 1627 39361 1996 1374 40505 1997 1221 41994 1998 1066 43625 1999 769 45180 2000 871 46461 2001 939 46470 2002 1047 46828 2003 1027 47712 2004 1001 49138 2005 956 50304 2006 973 51271 2007 1009 51721 2008 1050 50550 2009 1102 49104 2010 1110 49907 2011 1158 50229 2012 1336 51151 2013 1514 51960 2014 1356 53025 54596 2015 1266 2016 1373 55265 2017 1404 56153