(Solved): 1. Economic growth around the world The following table reports real GDP per person for several di ...

1. Economic growth around the world The following table reports real GDP per person for several different economies in the years 1960 and 2010 . It also gives each econom's average annual growth rate during this period. For example, real GDP per person in the Central African Republic was \( \$ 1,010 \) in 1960 , and it actually declined to \( \$ 628 \) by 2010 . The Central African Republic's average annual growth rate during this period was - \( 0.95 \% \), and it was the poorest economy in the table in the year 2010 . The real GDP-per-person figures are denominated in U.S. dollars with a base year of 2005 . The following exercises will help you to understand the different growth experiences of these economies. Indicate which economy satisfies each of the following statements. Consider the following list of four countries. Which economy began with a level of real GDP per person in 1960 that was below that of Find grew fast enough to catch up with and surpass Finland's real GDP per person by 2010 ? Australia Central African Republic Ireland Thailand