Conditional Convergence Refers to the Tendency For

question 28

Multiple Choice

Conditional convergence refers to the tendency for:

• A) poorer countries to grow faster than richer countries,but only if they receive sufficient foreign investment.
• B) richer countries to grow faster than poorer countries given similar steady-state capital stocks,so the poor countries never catch up with the rich countries.
• C) poorer countries to grow faster than richer countries given similar steady-state capital stocks,but the poor countries will never catch up with the rich countries.
• D) countries with similar steady-state levels of output to grow faster when they're poor than when they're rich until their per capita GDP levels converge.

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Definitions:

Private Methods

Methods that are accessible only within the class in which they are defined.

Static Methods

Functions in a class that are declared with the static modifier and can be called without creating an instance of the class.

Polymorphism

A programming concept that allows objects of different classes to be treated as objects of a common superclass.

Base Class

The parent class in a hierarchy from which other classes inherit methods and properties.