The following table shows real GDP per hour of work in four imaginary countries in the years 2008 and 2018. Calculate productivity growth for each country. Which country supports convergence theory?...


The following table shows real GDP per hour of work in four imaginary countries in the years 2008 and 2018. Calculate productivity growth for each country.


Which country supports convergence theory?  Why?


Which country is counter to convergence theory? Why?


Output per Hour<br>2018<br>% Growth<br>Productivity<br>2008<br>Country A<br>$40<br>$48<br>35<br>3<br>0.60<br>Country B<br>25<br>Country C<br>2<br>Country D<br>0.50<br>

Extracted text: Output per Hour 2018 % Growth Productivity 2008 Country A $40 $48 35 3 0.60 Country B 25 Country C 2 Country D 0.50

Jun 09, 2022
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