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In 2014, the country of Microtania had a GDP of 41800 and the country of Portlandia had a GDP of 20900, which is half, or
In 2014, the country of Microtania had a GDP of 41800 and the country of Portlandia had a GDP of 20900, which is half, or 50% of Microtania's GDP. If Microtania grows at the slow rate of 0.5% for 5 years while Portlandia grows at the fast rate of 7% for 5 years, what will Portlandia's GDP be as a percentage of Microtania's GDP in 5 years from now?
Does this example illustrate the concept of convergence? Yes or No
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