Which of the following is NOT a real world factual conflict with the neoclassica

ID: 1096870 • Letter: W

Question

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

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.

Statement 1 is a real world factual conflict with neoclassical growth model. There are developed nations and poor nations (where people don

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