The Idea That Relatively Poor Nations Should Have Higher Rates

question 117

Multiple Choice

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) East Asian miracle.
• B) Industrial Revolution.
• C) sustainable development hypothesis.
• D) convergence hypothesis.

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Definitions:

Economic Grounds

The financial or monetary basis for decisions or actions, often referring to the justification for economic policies or business strategies.