Problem 2 (8 points) The following table shows real GDP per person in a few countries over a period of about a century. Does this data support the catch-up theory of economic growth? Explain your answer thoroughly. Real GDP per Real GDP per Person at Beginning Person at End Growth Rate Country Period of Period* of Period* (per year) Japan 1890-2010 $1 563 $35 861 2.65% Brazil 1900-2010 809 11 311 2.43 Mexico 1900-2010 1 204 14 783 2.31 China 1900-2010 745 7 747 2.15 Germany 1870-2010 2 271 39 569 2.06 Canada 1870-2010 2 469 39 528 2.00 United States 1870-2010 4 166 48 635 1.77 Argentina 1900-2010 2 384 15 937 1.74 India 1900-2010 702 3 431 1.45 United Kingdom 1870-2010 4 999 36 695 1.43 Indonesia 1900-2010 926 4 306 1.41 Pakistan 1900-2010 766 2 843 1.20 Bangladesh 1900-2010 648 1 854 0.96 "Real GDP is measured in 2010 Canadian dollars. Sources: Robert J. Barro and Xavier Sala-I-Martin, Economic Growth (New York: McGraw Hill, 1995), Tables 10.2 and 10.3; World Development Indicators online; and authors' calculations