The Convergence Hypothesis Says That

question 61

Multiple Choice

The convergence hypothesis says that:

• A) differences in real GDP per capita among countries tend to narrow over time.
• B) differences in real GDP per capita among countries tend to increase over time.
• C) differences in real GDP per capita do not have much effect on living standards in the long run.
• D) aggregate production functions in different countries will all be the same in the long run.

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