Explain the differences among absolute convergence, Microeconomics

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Explain the differences among absolute convergence

Convergence

a. Explain the differences among absolute convergence, conditional convergence, and a reduction in the dispersion of real per capita income across groups.

b. Under what circumstances does absolute convergence imply a decline in the dispersion of per capita income?

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Microeconomics: Explain the differences among absolute convergence

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Microeconomics: Explain the differences among absolute convergence

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