What Does the Convergence Hypothesis State

question 49

Multiple Choice

What does the convergence hypothesis state?

• A) Since they have a high ratio of capital per worker, rich countries will always grow faster than poor countries.
• B) Poor countries will grow at a rate that is higher than the average rate of economic growth.
• C) Rich and poor countries will exhibit persistent disparities in economic growth rates.
• D) Since they have a low ratio of capital per worker, poor countries will always grow slower

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The common habit of a person taking credit for positive events or outcomes, but blaming outside factors for negative events.