Would you predict the united states or ireland to have

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Based on information from the World Bank, in 2018, GDP per capita was $62,641.0 in the United States and $77,449.7 in Ireland - very similar values (and relatively high values compared to many countries). But, the annual rate of GDP growth averages 2.2% in the United States and 5.6% in Ireland.

Would you predict the United States or Ireland to have a more rapid increase in the standard of living in the long run?

Discuss what evidence/theory from Chapter 11 you are using to support this prediction.

Reference no: EM132512244

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