Neoclassical Growth Theory

question 114

Multiple Choice

Neoclassical growth theory

• A) makes no predictions about the relative growth or incomes among countries.
• B) predicts that growth rates and incomes per person throughout the world will converge.
• C) predicts that nations that enjoy a technological advantage will maintain that advantage.
• D) predicts that the faster growing underdeveloped nations will overtake and then surpass the industrial nations.

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Definitions:

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