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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 12
Southern states in the United States are, on average, poorer than northern states. Southern states also have higher growth rates in real GDP per capita, on average, than northern states. Use these facts to draw a conclusion about whether the theory of convergence is correct. What other factors should be considered?
Explanation
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Economic growth:
Economic growth refers...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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