4. (3 points) Convergence. Consider the following image depicting the average growth in income per capita across US stat

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4. (3 points) Convergence. Consider the following image depicting the average growth in income per capita across US stat

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4 3 Points Convergence Consider The Following Image Depicting The Average Growth In Income Per Capita Across Us Stat 1
4 3 Points Convergence Consider The Following Image Depicting The Average Growth In Income Per Capita Across Us Stat 1 (81.1 KiB) Viewed 29 times
4. (3 points) Convergence. Consider the following image depicting the average growth in income per capita across US states against those states' initial levels of income per capita: 3.5 best fit 3.0 SC ND MARC la KEAN 2.5 Average growth Whout 2.0 amewo PAMA CT 에 R IL64 DC NV NY DE 1.5 1.0 2 N 14 4 6 8 10 12 Income per capita in 1929 (thousands of 2009 $) Which notion of convergence does the figure better support: conditional convergence or un- conditional convergence? Clearly explain why.
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