If All Countries Are Going to Converge at the Same

question 25

Multiple Choice

If all countries are going to converge at the same level of real gross domestic product (GDP) per capita as predicted by the Solow growth model,then:

• A) they must all have identical production functions.
• B) they must all have the same number of people in the population.
• C) they must all have the same size of labor force.
• D) they must all have the same level of real GDP.
• E) they must all end up with a marginal product of zero.

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Definitions:

Learned Response

A reaction or behavior that an individual acquires through conditioning or experience in response to a specific stimulus.

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention, until it is associated with an unconditioned stimulus in classical conditioning.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without the need for prior learning.

Alfred M Landon

An American politician, who was the Republican candidate for President in 1936 but was defeated by Franklin D. Roosevelt.