The following table report real GDP per person for several different economics i

Question

The following table report real GDP per person for several different economics in the years 1960 and 2000. It also gives economy's average growth rate over this period. For example, real GDP per person in Niger was $1,167 in 1960 and actually declined to $807 by 2000. Niger's average annual growth rate during this period was -0.92%, and it was the poorest economy in the table in the year 2000. The real GDP per person figures are denominated in U. S. dollars with a base year of 1996. The following questions help you to understand the different growth experiences of the economics in the table. Which economy had the highest level of real GDP per person in the year 2000? In which economy did real GDP per person grow at the fastest rate from 1960 to 2000?

Explanation / Answer

1.Hong Kong 2.Korea 3.Hong Kong

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