False and Please provide a concise explanation of this as well as an explanation with a diagram, if its possible to do."   If there are free flows of capital in an open economy, all countries share a common production function and technology, and have the same depreciation rate, we would expect to observe unconditional convergence of levels of per capita output, but not per capita consumption.

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A: (Q) Graphically explain the economy’s production possibility curve in terms of economic growth.

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