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Two countries with different levels of economic development show a convergence in GDP per capita over several years. What factors could contribute to this convergence?
Two countries with different levels of economic development show a convergence in GDP per capita over several years. What factors could contribute to this convergence? Question 5 Answer a. Technological stagnation b. Higher investment in education and technology in the less developed country c. Reduction in global trade d. Increased income inequality
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Microeconomics A Contemporary Introduction
Authors: William A. McEachern
9th edition
978-0538453714, 538453710, 978-1111415921
