Convergence can be seen in the data of all countries together if one holds constant:
A)the saving rate.
B)the fertility rate.
C)the degree the rule of law is maintained.
D)all of the above.

Question

Quizplus · Accepted Answer

Convergence in economic terms refers to the hypothesis that poorer economies' per capita incomes will tend to grow at faster rates than richer economies. Holding constant factors such as the saving rate, the fertility rate, and the degree to which the rule of law is maintained can help in observing convergence across countries. These factors influence economic growth and development, and by controlling for them, it becomes easier to see the underlying trend of convergence.

Convergence Can Be Seen in the Data of All Countries