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.

Question

Meredith Proctor

Business

31 January, 22:51

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.

+3

Answers (1)

Know the Answer?

Arianna Barber · Answer 1

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.

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.

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.