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 not narrowing.
C) Countries are moving toward a common steady state.
D) The augmented Solow model better explains cross-country variation in income per capita than the original Solow model.
E) Variables that affect growth include saving and population growth rates, schooling, openness to trade, and political and geographic variables.
Correct Answer:
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