Which of the following describes a prediction of convergence theory?

Question

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Convergence theory predicts that over time, economies will tend to grow at similar rates, leading to a reduction in income disparities. This encompasses the ideas that differences in savings rates, population growth, and other factors will not prevent economies from converging to similar growth rates (A), that poorer countries will initially grow faster than richer ones but eventually, growth rates will equalize (B), and that despite initial differences in economic conditions, poor countries can achieve growth rates that allow them to catch up with richer countries, contradicting the notion that poor countries cannot sustain high growth rates to surpass rich countries (C).

Which of the Following Describes a Prediction of Convergence Theory