Conditional Convergence Refers to the Condition That Among Countries with Similar

question 145

Multiple Choice

Conditional convergence refers to the condition that among countries with similar steady states:

• A) a country with a higher output level tends to grow more rapidly.
• B) a country with a higher output level tends to grow more slowly.
• C) all countries grow at the same rate regardless of their initial output levels.
• D) whether one country's output converges to that of another country depends on their geographical proximity.

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