Convergence in the Solow Growth Model Requires That All Countries

question 12

Multiple Choice

Convergence in the Solow growth model requires that all countries have

• A) the same production function.
• B) low levels of capital stock per worker.
• C) access to technology.
• D) high levels of income per worker.
• E) only a and c.

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Definitions:

Test-retest Reliability

The consistency of a psychological test or assessment over time when administered to the same group of people.

Raw Scores

A raw score represents the number of questions answered correctly on a test or assessment before any adjustments or transformations.

T score

A standardized type of z-score that typically has a mean of 50 and a standard deviation of 10, used for comparing individual scores.

Normal Curve

A bell-shaped curve that represents the distribution of many types of data where most occurrences take place in the middle of the distribution.