5. The convergence hypothesis a. states that differences in real GDP per capita among countries widen over

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5. The convergence hypothesis

a. states that differences in real GDP per capita among countries widen over time.

b. states that low levels of real GDP per capita are associated with higher growth rates.

c. states that low levels of real GDP per capita are associated with lower growth rates.

d. contradicts the Rule of 70.

e. has been proven by evidence from around the world.

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Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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Question Posted: Oct 16, 2024 07:01 AM

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5. The convergence hypothesis a. states that differences in real GDP per capita among countries widen over

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Macroeconomics In Modules

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