The Fact That Countries' GDP Per Capita Does Not Converge

question 69

Multiple Choice

The fact that countries' GDP per capita does not converge indicates that

• A)the neoclassical growth model fails to explain economic growth.
• B)the convergence takes a long time.
• C)the endogenous growth model can explain growth better than the neoclassical model.
• D)living standards will converge only within groups of countries with similar characteristics.

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