According to the convergence hypothesis, the richest countries have the fastest growth rate of real GDP per capita.

Question

Quizplus · Accepted Answer

The convergence hypothesis suggests that poorer countries will catch up with richer countries over time, leading to a decrease in the growth rate of real GDP per capita in richer countries and an increase in the growth rate in poorer countries. Therefore, the prediction is that the fastest growth rates of real GDP per capita will be in poorer countries, not necessarily the richest ones.

According to the Convergence Hypothesis, the Richest Countries Have the Fastest