The Basic Idea Behind the Convergence Theory Is

question 136

Multiple Choice

The basic idea behind the convergence theory is:

• A) that countries starting at low levels of income will tend to grow at much faster rates than those starting with high levels of income.
• B) each additional unit of capital provides larger gains when you're coming from behind.
• C) also the basic idea behind the catch-up effect.
• D) All of these are true.

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Definitions:

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