Question

Consider the following statistics in the table below. Does this data support the catch-up hypothesis?

Country	Real GDP per Capita in 1960 (2005 dollars)	Annual Growth in Real GDP per Capita, 1960-2010
Taiwan	$1,861	5.86%
Panama	2,120	3.32
Brazil	2,483	2.45
Algeria	4,105	0.85
Japan	5,586	3.52
Venezuela	7,015	0.52
Belgium	10,132	2.54
United Kingdom	11,204	2.26
New Zealand	14,263	1.34

Question 5 options:

	This data supports the catch-up hypothesis for all countries.
	This data contradicts the catch-up hypothesis for the poorest countries.
	This data contradicts the catch-up hypothesis for the richest countries.
	This data neither supports nor contradicts the catch-up hypothesis.

Answer 1