(a) Explain the differences among absolute convergence, conditional convergence. and a reduction in the dispersion of real per capita income across groups. (b) Under what circumstances does absolute convergence imply a decline in the dispersion of per capita income? | Numerade
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(a) Explain the differences among absolute convergence, conditional convergence. and a reduction in the dispersion of real per capita income across groups. (b) Under what
(a) Explain the differences among absolute convergence, conditional convergence. and a reduction in the dispersion of real per capita income across groups. (b) Under what circumstances does absolute convergence imply a decline in the dispersion of per capita income?
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