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    Macroeconomics Study Set 38
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    Exam 3: An Overview of Long-Run Economic Growth
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    When a Lower-Income Economy's GDP Is Able to "Catch Up
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When a Lower-Income Economy's GDP Is Able to "Catch Up

Question 81

Question 81

True/False

When a lower-income economy's GDP is able to "catch up" with a higher-income economy's GDP, this behavior is related to an important concept called economic convergence.

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