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Conditional Convergence Refers to the Condition That Among Countries with Similar

Question 145

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Conditional convergence refers to the condition that among countries with similar steady states:


A) a country with a higher output level tends to grow more rapidly.
B) a country with a higher output level tends to grow more slowly.
C) all countries grow at the same rate regardless of their initial output levels.
D) whether one country's output converges to that of another country depends on their geographical proximity.

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