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If France's Per Capita GDP Is $5,000 in 1950 and Portugal's

Question 2

Multiple Choice

If France's per capita GDP is $5,000 in 1950 and Portugal's is $2,500,but Portugal is growing faster,the expectation that by some time in the future Portugal's per capita GDP will equal that of France is called economic:


A) growth.
B) divergence.
C) convergence.
D) fluctuations.
E) asset markets.

Correct Answer:

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