Select all facts about convergence between 1960 and 2017? 0 If things continue as in the 1960-2017 period, we should eventually see all countries become rich. 0 0 0 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.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
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.
Transcribed Image Text: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.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Gross Domestic Product
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education