What does the convergence hypothesis state?
A) Since they have a high ratio of capital per worker, rich countries will always grow faster than poor countries.
B) Poor countries will grow at a rate that is higher than the average rate of economic growth.
C) Rich and poor countries will exhibit persistent disparities in economic growth rates.
D) Since they have a low ratio of capital per worker, poor countries will always grow slower
Correct Answer:
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Q29: Which of the following policies would increase
Q31: The convergence hypothesis assumes that industrialized countries
Q32: Endogenous growth theory considers models in which:
A)
Q33: Which of the following is ignored by
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Q35: Endogenous growth models advocate:
A) labour force growth
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