Chartered Financial Analyst Level 2
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Which of the following statements about convergence hypotheses is most accurate?
A
Countries risk falling into a non-convergence trap if they do not implement necessary institutional reforms
B
The neoclassical model allows for countries that start with high per capita income to grow faster and stay ahead of developing countries
C
Investing in lower-income countries subject to club convergence should provide a lower rate of return than investing in higher-income countries