Problem
1. (Convergence) Explain the convergence theory. Under what circumstances is convergence unlikely to occur?
2. (Productivity) What factors might contribute to a low level of productivity in an economy? Regardless of the level of labor productivity, what impact does slow growth in labor productivity have on the economy's standard of living?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.