Multiple Choice
The fact that countries' GDP per capita does not converge indicates that
A) the neoclassical growth model fails to explain economic growth.
B) the convergence takes a long time.
C) the endogenous growth model can explain growth better than the neoclassical model.
D) living standards will converge only within groups of countries with similar characteristics.
Correct Answer:
Verified
Correct Answer:
Verified
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