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The shrinking gap between the income levels of poor and rich countries is known as the?
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The shrinking gap between the income levels of poor and rich countries is known as the?

User Rurouni
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Answer:

Convergence Hypothesis

Step-by-step explanation:

The shrinking gap between the income levels of poor and rich countries is known as the convergence hypothesis.

Given the economies existing resources and technology, the only way to enjoy more consumer goods today is to have a slower economic growth rate today.

User Adam Sitnik
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