Convergence refers to
A) the reunification of formerly divided countries such as East and West Germany
B) an equality between a country's imports and exports
C) an economy reaching a steady state
D) poorer countries growing more rapidly than rich countries
E) agreement between economic historians of different political persuasions
Correct Answer:
Verified
Q13: Depreciation in the national income accounts
A) allows
Q14: The best long run growth strategy for
Q15: Technological improvements have larger effects on output
A)
Q16: Which of the following gained the most
Q17: Which of the following does not directly
Q19: Investing in capital is profitable as long
Q20: If a certain type of machine costs
Q21: The rate at which a country saves
Q22: For an economy with a Cobb-Douglas production
Q23: For an economy with the production function
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