Table 7.4
-Refer to Table 7.4.In the table above, which countries are consistent with the predictions of the economic growth model?
A)Botswana and Thailand
B)Japan and Guatemala
C)only Japan
D)Guatemala and Botswana
E)all four countries

Question

Table 7.4 
-Refer to Table 7.4.In the table above, which countries are consistent with the predictions of the economic growth model?
A)Botswana and Thailand 
B)Japan and Guatemala 
C)only Japan 
D)Guatemala and Botswana 
E)all four countries

Quizplus · Accepted Answer

The economic growth model predicts that countries with high levels of physical and human capital investment, as well as efficient institutions and policies, will experience high levels of economic growth. Both Botswana and Thailand have experienced steady economic growth over the period shown in the table, with relatively high levels of investment and strong institutions and policies. Japan, on the other hand, has experienced a significant slowdown in economic growth since the 1990s, despite its high levels of physical and human capital investment. Guatemala has also experienced relatively low levels of economic growth, suggesting that it may not be consistent with the predictions of the economic growth model.

Table 7.4 -Refer to Table 7.4.In the Table Above, Which Countries Are