Explain and illustrate the concept of convergence. Discuss the differences between the concepts of convergence and conditional convergence.

Select all facts about convergence between 1960 and 2017? U U If things continue as in the 1960-2017 period, we should eventually see all countries become rich. Convergence occurs among countries with a high life expectancy. Convergence occurs among countries with a high level of education on average. Overall, we observe convergence in the world. Convergence occurs among OECD countries. Convergence always occurs among countries with the same economic characteristics. All countries that were poor in 1960 have grown faster over the 1960-2017 period than the countries that were richer. Convergence occurs among OECD countries on average. Convergence occurs among countries with a high level of education. If things continue as in the 1960-2017 period, we should eventually see poverty disappear. Convergence occurs among countries with a high life expectancy on average. Having a high life expectancy and a high average education are not sufficient conditions for a poor country to get richer.

apply Peter Diamandis and Steven Kotler's six D's model to identify when an organization is exponential, as well as Salim Ismail's formula. Choose an exponential company from the digital environment (except Airbnb and TED) and apply the six D's model (Digitization, Deception, Disruption, Dematerialization, Demonetization and Democratization) specifying each stage for the chosen company. On the same company, apply Salim Ismail's formula justifying its MTP (Massive Transformation Purpose) and define at least four characteristics of its external attributes (SCALE) and its internal attributes (IDEAS).

Explain why the three goals (economic growth,low unemployment, and low inflation) of macroeconomics are relevant?

True or false? Economic change during the Civil War was part of Charles and Mary Beard meant when they called the war a second American revolution. The textbook makes a case that while the war accelerated prewar trends of innovation in modernization, it was hardly revolutionary in terms of changing the fundamental direction of the economy. And while statistically the war neither accelerated nor retarded long-term economic growth, it did Ladik we alter the section of the tribulation of wealth and output, very much to the advantage of the north

2.1 Differentiate between economic expansion and contraction. Providing evidence from appropriate academic sources, identify if South Africa is currently experiencing an expansion or contraction and motivate your answer.

What sorts of policies can governments implement to encourage convergence?

The following table shows real GDP per capita for Canada, Taiwan, and Chad between 1970 and 2000. All figures are in 1998 U.S. dollars. Fill in the blank then choose an option(s). Those who don’t believe in the theory of convergence point to countries such as ___________ (options: Canada, Taiwan, Chad). hich of the following statements can explain why the theory of convergence may not always hold? Check all that apply.   A. Convergence theory applies only to small countries.   B. Rich countries actively try to keep poor countries poor through economic and military policies.   C. Many poor countries have much less human capital than rich countries.   The growth experience of Taiwan illustrates that relatively poor countries can __________ (options: be invaded by, grow more quickly than, always be much poorer than, grow more slowly than) rich countries.

Q4. Which of these statements best describes the speed of convergence between high income countries and the rest of the world? (Pick 1 answer) A. Convergence will occur over a period of several decades. B. Convergence will occur in 1-2 years. C. Convergence will occur in 3-5 years. Q12. In macroeconomics, the connection from inputs to outputs for the entire economy is called? (Pick 1 answer) A. an aggregate production function B. human capital C. physical capital

Suppose output is growing at 3 percent per year and capital's and labor's shares of income are .3 and.7, respectively, a. If both labor and capital grow at 1 percent per year, what would the growth rate of total factor productivity have to be? b. What if both the labor and the capital stocks are fixed?