NO.PZ202409200100007103
问题如下：
Does the FMA CEO's expectations regarding per capita income growth rates and per capita income levels correctly reflect absolute convergence?
选项：
A.Yes
B.
No, only the expectation about per capita income levels correctly reflects absolute convergence
C.
No, only the expectation about per capita income growth rates correctly reflects absolute convergence
解释：
A Incorrect because the CEO's statement, "We should eventually also get to the same per capita income levels as developed countries" does not correctly reflect absolute convergence. Absolute convergence does not, however, imply that the level of per capita income will be the same in all countries regardless of underlying characteristics; that is, it does not imply absolute convergence. Absolute convergence means that developing countries, regardless of their particular characteristics, will eventually catch up with the developed countries and match them in per capita output. The neoclassical model assumes that all countries have access to the same technology. As a result, per capita income in all countries should eventually grow at the same rate. Thus, the model implies convergence of per capita growth rates among all countries.
B Incorrect because the CEO's statement, "We should eventually also get to the same per capita income levels as developed countries" does not correctly reflect absolute convergence. Absolute convergence does not, however, imply that the level of per capita income will be the same in all countries regardless of underlying characteristics; that is, it does not imply absolute convergence. Absolute convergence means that developing countries, regardless of their particular characteristics, will eventually catch up with the developed countries and match them in per capita output. The neoclassical model assumes that all countries have access to the same technology. As a result, per capita income in all countries should eventually grow at the same rate. Thus, the model implies convergence of per capita growth rates among all countries.
C Correct because the CEO's statement, "With access to this technology, we expect each of our country's per capita income growth rates to catch up to developed countries over time." correctly reflects absolute convergence. Absolute convergence means that developing countries, regardless of their particular characteristics, will eventually catch up with the developed countries and match them in per capita output. The neoclassical model assumes that all countries have access to the same technology. As a result, per capita income in all countries should eventually grow at the same rate. Thus, the model implies convergence of per capita growth rates among all countries. It does not, however, imply that the level of per capita income will be the same in all countries regardless of underlying characteristics; that is, it does not imply absolute convergence.
分不清楚是per capita income还是per capita income rate，第三小题说是per capita income rate，第四小题又说per capita income，分别是哪种情形？