The convergence hypothesis states that: a. technology levels between countries eventually converge b. given similar steady state levels of per capita capital, countries' per capita incomes eventually converge c. countries with relatively low per capita capital stocks converge slowly to steady state levels of per capita income d. given similar steady state levels of per capita capital, countries' incomes eventually converge

The convergence hypothesis states that: a. technology levels between countries eventually converge b. given similar steady state levels of per capita capital, countries' per capita incomes eventually converge c. countries with relatively low per capita capital stocks converge slowly to steady state levels of per capita income d. given similar steady state levels of per capita capital, countries' incomes eventually converge

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 5P

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