Currently, some of the fastest-growing countries in the world remain desperately poor. For example, of the top five fast

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Currently Some Of The Fastest Growing Countries In The World Remain Desperately Poor For Example Of The Top Five Fast 1 (28.83 KiB) Viewed 12 times

Currently, some of the fastest-growing countries in the world remain desperately poor. For example, of the top five fastest-growing economies, three-Sierra Leone, Mongolia, and Niger-have real per capita GDPs that are 203rd, 154th, and 221st in the world, respectively. This seems like something of a contradiction. Using the equation for growth given in the chapter, explain why a country that has a very low per capita GDP can also have a very high growth rate. is even a small A country with a very low per capita GDP can have a very high growth rate because mathematically, when the difference in the will result in a large growth rate. Consider a $100 increase in GDP per capita. In 2012, Niger had a GDP per capita of approximately $800, and the United States had a GDP per capita of $50,700. Calculate the corresponding growth rates for these two countries. Niger's growth rate is percent, and the U.S. growth rate is percent. (Round your responses to two decimal places.) Thus, started out with a lower base and had growth rate.