Answered: The catch up effect means that…

The catch up effect means that countries that start off rich tend to grow more rapidly than countries that start off poor. Select one: O a. Fales. O b. True.

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter6: How Statisticians Measure Inflation

Section: Chapter Questions

Problem 1TY

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The catch up effect means that countries that start off rich tend to grow more rapidly than countries that start off poor.
Select one:
O a. Fales.
O b. True.

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