Neoclassical growth theory predicts that China's economic growth rate will .

Question

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Neoclassical growth theory suggests that countries with lower income levels will experience faster economic growth until they reach a steady-state level of income that is similar to other developed economies such as the United States. Since China has been experiencing sustained high growth rates for several decades, it is expected that its growth rate will eventually slow down and converge to that of the United States.

Neoclassical Growth Theory Predicts That China's Economic Growth Rate Will