- CFA Exams
- CFA Exam: Level II 2021
- Study Session 4. Economics
- Reading 11. Economic Growth and the Investment Decision
- Subject 5. Theories of growth
CFA Practice Question
The neoclassical model predicts convergence of ______ among all countries.
B. economy growth rates
C. per capita growth rates
A. output level per capita
B. economy growth rates
C. per capita growth rates
Correct Answer: C
The theory does not imply absolute convergence.
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