Which of the Following Statements Correctly Differentiates Catching-Up Growth from Cutting-Edge
Multiple Choice
Which of the following statements correctly differentiates catching-up growth from cutting-edge growth?
A) Cutting-edge growth leads to convergence while catching-up growth does not.
B) Catching-up growth comes primarily from capital accumulation while cutting-edge growth comes from technological development.
C) Poorer countries with low levels of capital stock will always display catching-up growth while rich countries will not.
D) Catching-up growth can go on indefinitely while cutting-edge growth cannot.
Correct Answer:
Verified
Correct Answer:
Verified
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