According to the theory of income convergence, a. differences in real GDP per capita

Chapter 19, Problem 6

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According to the theory of income convergence, a. differences in real GDP per capita among countriestend to narrow over time. b. differences in real GDP per capita among countriestend to increase over time. c. differences in real GDP per capita among countriestend to remain constant over time. d. differences in real GDP per capita do not havemuch of an effect on living standards in thelong run.

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