Suppose a Country Is Significantly Richer Than the Others

question 7

Multiple Choice

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

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

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