Suppose a Country Is Significantly Richer Than the Others

question 33

Multiple Choice

Suppose a country is significantly richer than the others. According to the Solow growth model, what happens in the long run?

• A)Nothing.
• B)The rich country grows the fastest.
• C)The other countries catch up to the rich one.
• D)The rich country becomes poorer than the other ones.
• E)Both grow at the same rate and the income differences persist.

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Definitions:

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