The Solow growth model predicts that China and other developing countries will eventually surpass the leading economies of the world in terms of their level of Real Gross Domestic Product per capita.

Question

Quizplus · Accepted Answer

The Solow growth model suggests that developing countries may grow faster due to capital accumulation and technology adoption, but it does not necessarily predict they will surpass leading economies in GDP per capita.

The Solow Growth Model Predicts That China and Other Developing