1. Economic growth around the world Aa Aa The following table reports real GDP i
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1. Economic growth around the world Aa Aa The following table reports real GDP in U.S. dollars per person for several different economies in the years 1960 and 2010. It also gives each economy's average annual growth rate over this period. For example, real GDP per person in Zambia was $1,412 in 1960 and actually declined to $1,309 by 2010. Zambia's average annual growth rate during this period was-0.2%, and it was the poorest economy in the table in the year 2010 The real GDP per person figures are denominated in 2005 U.S. dollars and adjusted for differences in purchasing power among countries. The following questions help you to understand the different growth experiences of the economies in the table Real GDP Per Person Growth Rate Economy Malaysia Zambia Venezuela Japan Honduras Botswana 1960($) 1,624 1,412 7,307 4,404 1,932 468 2010($) 11,863 1,309 9,762 31,815 3,146 9,515 (Per year) (%) -0.2 0.6 4.0 1.0 6.2 Which economy had the highest level of real GDP per person in the year 2010? Malaysia O Botswana Japan O Venezuela In which economy did real GDP per person grow at the fastest rate from 1960 to 2010? O Venezuela Botswana O Malaysia O Honduras Consider the following list of four countries. Which economy began with a level of real GDP per person in 1960 that was well below that of Venezuela and grew fast enough to catch up with and surpass Venezuela's real GDP per person by 2010? O Malaysia Japan Honduras O BotswanaExplanation / Answer
Japan. Its gdp per person of 31815 is highest
Botswana with 6.2 growth rate has highest even greater than Malaysia and japan(4%)
Malaysia. From 1624 to 11863
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