Multiple Choice
According to the convergence hypothesis based on the neoclassical growth model:
A) richer countries will always grow faster than poorer countries.
B) poorer countries will always grow faster than richer countries but will never become as rich.
C) all countries will eventually have the same per capita incomes.
D) countries will never share the same per capita incomes.
Correct Answer:
Verified
Related Questions
Q72: In a growing economy, capital-widening _ the
Q73: If an economy is extending the existing
Q74: In the neoclassical theory of growth, a
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