Which of the following is not a real world factual conflict, Ask an Expert

Economics

Which of the following is NOT a real world factual conflict with the neoclassical growth model?

Income per capita varies greatly across countries.

Immigrant labor from poor countries experiences very small increases in income when it moves to rich countries.

Poor countries' income levels have not converged to the income levels of rich countries.

Poor countries do not have a higher rate of return on capital.

Please Explain

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91235415

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