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4 August, 09:35

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.

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Answers (1)
  1. 4 August, 12:07
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    The correct answer is a. convergence hypothesis.

    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.
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