EBK MACROECONOMICS
4th Edition
ISBN: 9781319117016
Author: KRUGMAN
Publisher: Worth Publishers
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Question
Chapter 9, Problem 12P
To determine
What changes would allow California and Baja California to converge.
Concept Introduction:
Convergence Hypothesis: According to this hypothesis, the concept of convergence in the economy, it is assumed that the per capita income of the backward economies will grow much faster than the rich economies.
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