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If a nation with a low level of GDP per capita converges to a richer nation, the poor nation: experiences low growth rates. experiences a
If a nation with a low level of GDP per capita converges to a richer nation, the poor nation: experiences low growth rates. experiences a rate of low growth such that its GDP per capita increases to that of the richer nation. enters into a free trade agreement with the richer nation. experiences a rate of high growth such that its GDP per capita increases to that of the richer nation
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Economics
Authors: Roger A. Arnold
11th edition
1133561675, 978-1133561675
