Question
Consider two countries, Country A and Country B. Output per capita is currently much higher in County A than in Country B. If we want
Consider two countries, Country A and Country B. Output per capita is currently much higher in County A than in Country B.
If we want these two countries to eventually converge to the same level of output per capita, we need the growth rate of output per person to be higher in Country A than in Country B OR SAME ?
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International Economics
Authors: Thomas Pugel
16th Edition
0078021774, 9780078021770
