Thank you for your help! Looking forward to your reply!

4. Thinking in terms of the Solow Model, explain the concepts of unconditional and conditional convergence to explain convergence of GDPpc growth rates over time that are presented in Figures 1&2 below. Figure 1. Figure 2. Growth rate versus initial level of real per capita Growth rate versus initial level of real per capita for or 114 countries for 18 OECD countries 08 7 .045 OIRE 040 - POR 106 - .035 SPA 04 - OC OLUX .030 - GRE AUS ITAX ONOR Growth rate. 1960-2000 Growth rate of per capita GDP. 1960-2000 02 - BEIRAQICE 025 - FRAS CANOUS NETO UKCOHEN .020 - SWE -102 015 0SWI .010+ 6 10 8.0 8.4 8.8 9.2 9.6 10.0 Lop of per capita GDP in 1960 Log of per capita GDP in 1960