The economic growth model predicts that ________ across countries will converge over time.
A)income levels
B)GDP per capita
C)foreign direct investment rates
D)growth rates
E)unemployment rates

Question

Quizplus · Accepted Answer

The economic growth model, particularly the Solow-Swan model, suggests that GDP per capita across countries will converge over time due to diminishing returns to capital and technological diffusion.

The Economic Growth Model Predicts That ________ Across Countries Will