microeconomics

Discussion 2: “Growth and Convergence.” Please respond to the following:

 

· A country’s economic growth rate appears to vary inversely with the real GDP per person in that country. Describe, analyze, and compare reasons for this relationship.

· Based on the results of your research in the e-Activity, describe the concepts of diffusion theory as they affect economic growth, and analyze the effects of diffusion of technology on developing countries’ economic growth rates and per- capita GDP.