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The table below reports per capitareal GDP growth rates for a variety of countries ranked

The table below reports per capitareal GDP growth rates for a variety of countries, ranked according to their 2001 per capita income.

                                               

Which of the following comments is correct?

I.   China's exceptional growth between 1980 and 2000 supports the convergence hypothesis.

II. The widening gap between Bulgaria and the United States supports the convergence hypothesis.

III. The low growth rates of Bulgaria, Ecuador, and Nigeria could be explained by low interest rates and high investment.

IV. Because Nigeria's growth rate increased, its per capita real GDP will eventually surpass that of the United States and the Netherlands.

V. The differences between high-income countries (the UnitedStates and the Netherlands) and low-income countries may be explained by lack of political stability and property rights.

VI. More education and research and development in Bulgaria, Ecuador, and Nigeria will foster higher economic growth rates in these countries.

(A) All the comments are correct.

(B) II, IV, and V only

(C) IV, V, and VI

(D) I and II only

(E) I, III, and V only

(F) I, V, and VI only

(G) III, IV, and V

Apr 23 2018 View more View Less

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