"Convergence" has been occurring among the OECD countries because:
A) the richer countries have had higher growth rates than the poorer ones.
B) the richer countries give away more of their output than the poorer ones.
C) the poorer countries have had higher growth rates than the richer ones.
D) the poorer countries have had positive growth rates, while the richer ones have had negative growth rates.
E) the procedures for measuring output per capita have been changing.

Question

Quizplus · Accepted Answer

Convergence occurs when poorer countries have higher growth rates than richer countries, resulting in a narrowing of the income gap between them. This has been observed among the OECD countries, indicating that the poorer member countries have been catching up with the richer ones.

"Convergence" Has Been Occurring Among the OECD Countries Because