The convergence hypothesis implies that countries with lower levels of income will grow slower than wealthier countries.

Name: The convergence hypothesis implies that countries with lower levels of income will grow slower than wealthier countries.
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

The convergence hypothesis actually suggests the opposite - that countries with lower levels of income will grow faster than wealthier countries, and eventually catch up to them in terms of income levels.

The Convergence Hypothesis Implies That Countries with Lower Levels of Income