A2: Which of the followings is inconsistent with the Kaldor's Stylized Facts of Economic Growth?

i) Wage growth goes up and down as the economy experiences booms and recessions

ii) Nominal wage of a country has been chronically falling for a country that experiences economic disaster with declining price level at the same time.

iii) Country A's GDP per capita has been growing much faster than that of Country B, due to Country A's higher Research and Development spending.

iv) Only (i) and (iii).