The convergence hypothesis says that international differences in GDP per capita tend to _____ over time.
A) narrow
B) expand
C) remain steady
D) narrow and then expand
Correct Answer:
Verified
Q158: Long-run economic growth is:
A) higher in countries
Q159: Infrastructure does NOT include:
A) roads.
B) iron ore
Q160: One factor frequently cited for slow growth
Q161: Since the 1960s, nations like South Korea
Q162: The convergence hypothesis says that:
A) differences in
Q164: The idea that relatively poor nations should
Q165: Reasons for the economic stagnation of Latin
Q166: Which factor has contributed to the lack
Q167: The main reason South Korea has grown
Q168: Which reason is one that can explain
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