The following table reports real income per person for several different economies in the years 1060 and 2010. it also gives each economy's average annual growth rate during this period. For example. real income per person in Niger was $045 in 1960. and it actually declined to $570 by 2010. Niger's average annual growth rate during this period was 101%. and it was the poorest economy in the table in the year 2010. The real income-perperson gures are denominated in US. dollars with a base year of 2005. The following exercises will help you to understand the different growth experiences of these economies. Real Income per Person in Real Income per Person in Annual Growth 1960 2010 Rate Economy (Dollars) {Dollars} {Percent} Canada 12,946 35,810 2.06 United 11,884 32,034 2.0-0 Kingdom Korea 1,610 28,3702 5.93 Hong Kong 4,513 44,0?0 4.66 Guatemala 1,985 3,859 1.34 Niger 945 5'30 1.{}1 indicate which economy satisfies each of the following statements. Canada Guatemala This economy had the highest level of real income per person in the year 2010. This economy experienced the fastest rate r" of growth in real income per person from 1960 to 2010. Consider the following list of four countries. II.I'I.I'hich economy began with a level of real income per person in 1960 that was well beiow that of the United Kingdom and grew fast enough to catch up with and surpass the United Kingdom's real income per person by 2010? r. is lCanada Hong Kong