1. In 1875, real GDP per capita in Country A is $800 and it is $3,200 in Country B. The average annual growth rate in Country A is 2 percent per year while it is 1 percent per year in Country B. In the year 2015, the levels of real GDP per capita:
A. will still be substantially higher in Country B than in Country A.
B. will be approximately equal in both countries.
C. in Country A will be approximately double the levels in Country B.
D. in Country A will be approximately one-half that of Country B.
2. Acemoglu, Johnson, and Robinson stress the importance of _________________________ as the exogenous sources of growth. A. private property rights
B. natural resources related to mining and crops
C. literacy and the scientific method
D. settler mortality and the disease environment