Which of the following statements about conditional convergence is not true?
A) The evidence of convergence for the world as a whole is for conditional convergence.
B) The gap between rich and poor countries is now narrowing.
C) Countries are moving toward their own steady states.
D) The augmented Solow model better explains cross-country variation in income per capita than the original Solow model.
E) The augmented Solow model better explains differences in capital per worker ratios than the original Solow model.
Correct Answer:
Verified
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