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Long-Ran Economic Growth - End of Chapler Problem The following table provides approximate statisties on per rapita income levels and erowith rates far ropions defiond by inceme ievels. Acconding to the Rule of 70 , starting in 2018 the hiph-income countries are projected to dcuble tbeir per eapita GDP in appeocienalely 70 ycars, in 2088 . Throeghour this quecition, asune conatant growth nates for each of the regions are equal to their average value between 2000 and 2018 . a. Calcul ate the per capita GDP of each of the regions in 2008 Round ansreers so the neareit whole dollar. High-incorse real GDP per eapita in 20s8: 5 Middle-income real GDP per capita in 20ss: 5 Low-income real GDP per capita in 2088: 5 b. Calculate the ratio of per capita GDP with the projected per capita GDP in 200ss. Round to two decimal places. Middle-income to high-incoene countries: Low-income to bigh-income countries: Low-iscame to middle-iscome countries: c. Compare your answers from part b to the ratios of per capita GDP in 2015 (foosd in previous prectice problem). Comment on the change in economic inequality betwoen the regioas. All types of coartries diverged over time. There is slight divergence between middle-income and high-income countries and slight corvergence between lowincome and middle-income councries. All types of coustries cotiverged over time. There is strong convergence between middle income and high-iecome countrio. There is slight converpenee between low-income and high inconse coustrics. Low and middle-itconse countries diverged