trom% 20SS %20201 6.pdf s bar. Import bookmarks now Short Answer 1 PLACE France
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trom% 20SS %20201 6.pdf s bar. Import bookmarks now Short Answer 1 PLACE France United MIDDLE AGES SELECT YEARS 1950-1955 1975-1980 2002 30 (1800) 36 (1799-1803) 79 20-30 73 78 25 (1901-1911) 25-35 (1929-1931) 39 41 38 46 53 China Africa World 64 71 51 65 20-30 60 Seurces: Lee and Feng 19e: Wiley and Schafield 19 World Resources init and Untied Nations Develbpment Program 1 AREA 1000 1500 700 1820 1900 1950 Western Europe $427 $772$997 $1,202 $2,892 $5,513$ USA India 2003 $19,912 29,037 2,160 4091 9,561 599619 527 1257 533 Chins 450600 600 600 545439 4.609 425 414 42 450 601 667 1,262 2.114 1,549 56 6156 6477 World Based on the two charts above, does life expectaney appear to be a reasonable proxy for per capita income? (1 pt) Explain (4 pts). Note: France and United Kingdom are part of Western Europe. In 1700, India had a higher per capita income than the USA. By 2003, incomes in the USA were ten time higher than those in India. What two factors would Douglas North argueExplanation / Answer
Yes, Life expectancy can be used as a reasonable proxy for per capita income. This is because the table depicts that countries with higher level of per capita income have higher life expectancy and countries with lower level of per capita income have lower life expectancy. Thus, life expectancy can be used as a reasonable proxy for per capita income.
Indian and American growth experience has been different. The main reason of high American per capita income as compared to India even though both started at same levels of per capita income is technological growth due to investment in research and development which helped in improving efficiency and thus improved country's growth level. India spend a very little amount of GDP on research and development, improving human resource development of the country and thus this led to USA growing at a higher rate as compared to India's growth experience.
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