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

Question

Quizplus · Accepted Answer

The convergence hypothesis posits that poorer countries, with lower levels of capital and technology, have the potential for faster economic growth and will eventually catch up to richer countries in terms of real GDP per capita. Therefore, the hypothesis suggests that the fastest growth rates in real GDP per capita will occur in poorer countries.

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