Convergence of economies is the tendency according to the Solow growth model for:
A) richer countries to buy up all the capital in poorer countries.
B) richer countries to tend decline as pollution damage increases.
C) poorer economies to grow faster in terms of real GDP per capita than richer countries.
D) the tendency for richer economies to shrink to the size of poorer economies.
Correct Answer:
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Q50: What are the long and short run
Q51: Figure 4.1 Q52: Convergence will not happen if economies around Q53: Why does the Solow growth model show Q54: When converging economies: Q56: Convergence will not happen if economies around Q57: What are the long run and short Q58: Figure 4.1 Q59: What are the long and short run Q60: Figure 4.1 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
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