The Convergence Hypothesis Fits the Data Only When the Factors

question 140

Multiple Choice

The convergence hypothesis fits the data only when the factors that affect growth are held equal across countries. These factors include all of the following EXCEPT:

• A)education.
• B)infrastructure.
• C)favorable policies and institutions.
• D)GDP per capita.

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Definitions:

Flipping a Coin

A random experiment or process that has two possible outcomes, typically referred to as "heads" or "tails."

Accounts Receivables

Accounts receivables are the amount of money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Population Trends

Patterns or movements in population growth, decline, or composition over time, which can impact various sectors including planning, policy, and resource allocation.

Continuous Metric

A measurement scale that allows for an infinite number of values within a given range, indicating continuous variation.