Real GDP per person is $20,000 in Meridian,$15,000 in Articland,and $5,000 in Equitorial.Saving per person is $1,000 in all three countries.Other things equal,we would expect that

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According to the catch-up effect, poorer countries tend to grow more rapidly than richer ones because they can adopt existing technologies and practices from wealthier countries. Equitorial, having the lowest GDP per person, is likely to grow the fastest.

Real GDP Per Person Is $20,000 in Meridian,$15,000 in Articland,and