Business, 09.10.2021 20:40 dylanpierce34

Currently, some of the fastest-growing countries in the world remain desperately poor. For example, of the top five fastest-growing economies, threeSierra Leone, Mongolia, and Nigerhave 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 growthLOADING... given in the chapter, explain why a country that has a very low per capita GDP can also have a very high growth rate. A country with a very low per capita GDP can have a very high growth rate because mathematically, when the ▼ numerator ratio denominator is ▼ higher the same lower , even a small difference in the ▼ ratio numerator denominator will result in a large growth rate.

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