When a Lower-Income Economy's GDP Is Able to "Catch Up

question 1

Multiple Choice

When a lower-income economy's GDP is able to "catch up" with a higher-income economy's GDP, this behavior is related to an important concept in the study of economic:

• A) growth.
• B) divergence.
• C) convergence.
• D) fluctuations.
• E) asset markets.

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Definitions:

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