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1997 28983 7083 1998 30120 6369 1999 31110 6263 2000 32722 7102 2001 33248 6992 2002 33643 6651 2003 34488 6440 2004 35652 8181 2005 36189 10075 2006 37360 11663 2007 37910 13099 2008 37725 14844 2009 35423 12671 2010 36647 15082 2011 36591 16766 2012 37256 16828 2013 38222 15422 2014 38997 12858 2015 40705 7374 2016 41230 7443 2017 42138 7925The data set on the right contains the real per capita GDP for 2 Year GBR VEN countries from the Penn World Table (PWT) version 9.1 (Feenstra et 1970 15026 8681 al., 2015). The column names are the country codes, GBR and VEN. You may copy the dataset to Excel or R to do the computations. 1971 15244 8166 Download the data (CSV) 1972 15714 8169 a. What is the real per capita GDP for each country in 1970. 1973 16468 8933 GBR: 15026 1974 15394 9507 1975 15323 9094 VEN: 8681 1976 16018 9618 b. What is the average growth rate of each country between 1970 1977 16816 9793 and 2017? Calculate the growth rate of each year using the 1978 18114 9238 exact formula and take the average of all rates. Express your 1979 19211 9874 answers in percentage rounded to the nearest first decimal. 1980 19594 10417 GBR: 1981 19201 10249 VEN: 1982 19255 9263 1983 19733 9116 c. Based on the results of the previous questions, are the twoVEN: 1982 19255 9263 1983 19733 9116 c. Based on the results of the previous questions, are the two 1984 countries converging to each other? 19932 9218 Converging 1985 20479 8730 O Not converging 1986 20701 7853 1987 21520 8049 1988 22528 7865 1989 22943 7868 1990 23053 8528 1991 22395 8245 1992 22305 8147 1993 22774 7679 1994 23394 7374 1995 25832 7329 1996 27243 7367 1997 28983 7083 1998 30120 6369 1999 31110 6263 2000 32722 7102 2001 33248 6992