In 1820, Mexico had a higher real GDP per capita than Japan, but today Japan's real GDP per capita is higher than Mexico's because Japan's real GDP per capita has grown at _____, and Mexico's real GDP per capita has grown at _____.

Question

Quizplus · Accepted Answer

Japan's real GDP per capita has grown at 1.9%, while Mexico's has grown at 1.3%, leading to Japan surpassing Mexico in real GDP per capita over time.

In 1820, Mexico Had a Higher Real GDP Per Capita