Which of the following statements about income divergence during the last two centuries is invalid?
A) The poorest countries today have levels of income per capita that are just about subsistence.
B) Two hundred years ago, the poorest nations income levels must also have been above subsistence.
C) Affluent African nations have experienced significant per-capita GDP loss as a consequence of extractive colonization by European nations.
D) Today's rich countries have experienced substantial growth in per-capita GDP.
E) Evidence for divergence is based on data for very few nonindustrialized countries.
Correct Answer:
Verified
Q1: The convergence hypothesis of the Solow growth
Q2: One prediction of the Solow growth model
Q3: One prediction of the Solow growth model
Q4: One way of testing the constant steady-state
Q6: Convergence in the Solow growth model requires
Q7: In the analysis of income distribution, of
Q8: In the regression equation Y/N)/Y/N) =
Q9: The neoclassical growth revival argues that the
Q10: Income inequality across the nations of the
Q11: One prediction of the Solow growth model
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents