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According to the convergence hypothesis, the poorest countries have the fastest growth rate of real GDP per capita.
Jet Fuel
A type of aviation fuel designed for use in aircraft powered by gas-turbine engines.
Hedge
An investment made to reduce the risk of adverse price movements in an asset, typically involving derivatives contracts like futures and options.
American Call Option
A type of options contract that gives the holder the right, but not the obligation, to buy an asset at a set price at any time before the expiration.
Exercise Price
The cost at which the possessor of an option is allowed to purchase (in the case of a call option) or dispose of (in the case of a put option) the asset underneath.
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Q254: A factor that does NOT drive productivity