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Conditional Convergence Refers to the Tendency For

Question 28

Multiple Choice

Conditional convergence refers to the tendency for:


A) poorer countries to grow faster than richer countries,but only if they receive sufficient foreign investment.
B) richer countries to grow faster than poorer countries given similar steady-state capital stocks,so the poor countries never catch up with the rich countries.
C) poorer countries to grow faster than richer countries given similar steady-state capital stocks,but the poor countries will never catch up with the rich countries.
D) countries with similar steady-state levels of output to grow faster when they're poor than when they're rich until their per capita GDP levels converge.

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