Question

The idea that relatively poor nations should have higher rates of growth of real GDP per capita than relatively rich nations is known as the:

a. convergence hypothesis.

b. East Asian miracle.

c. sustainable development hypothesis.

d. Industrial Revolution.

Answer 1

The correct answer is a. convergence hypothesis.

Step-by-step explanation:

In economics, this term refers to a belief that the countries with the lowest GDP per capita ratio show higher growth than the economies that have a higher GDP per capita, which causes that in a given period of time these indicators tend to be regulated naturally.