Since 1960 the data show a tendency of output per worker to converge:
A) in all countries in the world.
B) countries with different savings rates.
C) in OECD countries.
D) none of the above.
Correct Answer:
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Q39: In the Solow growth model in the
Q40: Figure 4.1 Q41: Economies are said to have converged if Q42: Convergence will not happen if economies around Q43: Convergence will not happen if economies around Q45: The data show a tendency of output Q46: What are the short and long run Q47: Convergence will not happen if economies around Q48: Convergence will not happen if economies around Q49: Convergence will not happen if economies around
Determinants
of ![]()
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