## Related questions with answers

The following table compares real GDP per capita in 1969 and 2009 for five countries. Fill in the table with the annual growth rate of real GDP per capita from 1969 to 2009. Is the completed table's data consistent with convergence theory? Explain.

$\begin{aligned} &\text { ANNUAL GROWTH IN }\\ &\begin{array}{lccc} \text { COUNTRY } & \begin{array}{c} \text { REAL GDP PER } \\ \text { CAPITA IN 1969 } \end{array} & \begin{array}{c} \text { REAL GDP PER } \\ \text { CAPITA IN 2009 } \end{array} & \begin{array}{c} \text { REAL GDP PER } \\ \text { CAPITA 1969-2009 } \end{array} \\ \hline \text { United States } & 20,994 & 41,646 & \\ \text { El Salvador } & 2,282 & 2,580 & \\ \text { Republic of } & 4,141 & 5,026 & \\ \text { South Africa } & & & \\ \text { Cambodia } & 99 & 483 & \\ \text { Russia } & 3,791 & 6,498 & \\ \hline \end{array} \end{aligned}$

Solution

VerifiedIn this problem, we are asked to calculate the annual growth rate of each country in the table.

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