Now expand your sample to a group of economies, such as OECD (Organisation for Economic Co-operation and

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Now expand your sample to a group of economies, such as OECD (Organisation for Economic Co-operation and Development) countries, G7, European Union, Eurozone, BRICS countries (Brazil, Russia, India, China, and South Africa), etc.

(a) Answer the same questions for the countries within the same group.

(b) Do you see any similarities, convergence or divergence over time for countries within the same group?

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