Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 7R, Problem 8MCQ
To determine
To find:
Impact on international differences in real
Expert Solution & Answer
Answer to Problem 8MCQ
Option C is correct.
Explanation of Solution
The catch-up impact, or convergence theory in economics, postulates that per capita incomes in poorer countries will typically increase more quickly than those in richer countries. According to the Solow growth model,
Economics Concept Introduction
Convergence hypothesis states that low levels of real GDP per capita are associated with higher growth rates.
Chapter 7R Solutions
Krugman's Economics For The Ap® Course
Ch. 7R - Prob. 1MCQCh. 7R - Prob. 2MCQCh. 7R - Prob. 3MCQCh. 7R - Prob. 4MCQCh. 7R - Prob. 5MCQCh. 7R - Prob. 6MCQCh. 7R - Prob. 7MCQCh. 7R - Prob. 8MCQCh. 7R - Prob. 9MCQCh. 7R - Prob. 10MCQ
Ch. 7R - Prob. 11MCQCh. 7R - Prob. 12MCQCh. 7R - Prob. 13MCQCh. 7R - Prob. 14MCQCh. 7R - Prob. 15MCQCh. 7R - Prob. 16MCQCh. 7R - Prob. 17MCQCh. 7R - Prob. 18MCQCh. 7R - Prob. 19MCQCh. 7R - Prob. 20MCQCh. 7R - Prob. 21MCQCh. 7R - Prob. 22MCQCh. 7R - Prob. 23MCQCh. 7R - Prob. 24MCQCh. 7R - Prob. 25MCQCh. 7R - Prob. 1FRQCh. 7R - Prob. 2FRQCh. 7R - Prob. 3FRQ
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