Convergence refers to closing the gap in ________ between poorer countries and richer countries.
A) real GDP
B) real GDP per capita
C) the growth rate in real GDP
D) the growth rate in real GDP per capita
Correct Answer:
Verified
Q26: Suppose that one country has a GDP
Q27: Capital deepening is the only mechanism by
Q28: A comparison of the average growth rates
Q29: Explain the two basic mechanisms that increase
Q30: If real GDP is 100 in year
Q32: Why is it difficult to make accurate
Q33: Which of the following creates difficulties in
Q34: In making accurate comparisons of GDP across
Q35: Nations with low levels of GDP per
Q36: If an economy grows at 6 percent
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