On a graph with time on the horizontal axis and real GDP per capita on the vertical axis, the income levels of poorer countries are
A)diverging more from the incomes of rich countries.
B)maintaining a constant gap with the incomes of richer countries.
C)crossing the line representing richer countries.
D)coming closer to the line representing richer countries.

Question

Quizplus · Accepted Answer

The phenomenon where poorer countries' income levels grow at a faster rate than those of richer countries, thereby reducing the income gap, is known as income convergence. This is often observed as poorer countries adopt technology, practices, and institutions from richer countries, boosting their growth rates.

On a Graph with Time on the Horizontal Axis and Real