Based on Mankiw Romer and Weil (1992) with conditional convergence holding fertility rates, education and government spending as a share of GDP constant ?

A. income per capita is the same regardless of poor or rich countries
B. income per capita in poor countries grows faster than in rich countries
C. income per capita in rich countries grows faster than in poor countries
D. income per capita in poor countries grows conditional upon foreign aid

Correct Answer: income per capita in poor countries grows faster than in rich countries ✔

Last Updated: June 11, 2019