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The Convergence Hypothesis of the Solow Growth Model Does Not

Question 19

Multiple Choice

The convergence hypothesis of the Solow growth model does not state that


A) over time, gaps in per-capita income will narrow.
B) growth rates will be equal once steady states are achieved.
C) poorer countries eventually will catch up to richer countries.
D) before reaching their steady states, countries will grow at different rates.
E) most differences in growth rates are attributable to political misbehavior.

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