The key prediction of the Solow model adapted to include technological change ________ been born out,i.e.with a few exceptions convergence ________ a reality.
A)has not,is not
B)has not,is
C)has,is not
D)has,is

Question

Quizplus · Accepted Answer

The Solow model, when adapted to include technological change, predicts that economies will converge in terms of per capita income levels. However, empirical evidence suggests that this convergence has not been a reality for all economies, with significant exceptions. Thus, the statement correctly filled would be "has not been born out, i.e., with a few exceptions, convergence is not a reality."

The Key Prediction of the Solow Model Adapted to Include