In the OECD countries,there is a negative relationship between output per capita in 1950 and
A)growth since 1950.
B)output per capita in the 1990s.
C)distance from the equator.
D)population.
E) none of the above

Question

Quizplus · Accepted Answer

In OECD countries, there is a concept known as convergence, which suggests that countries with lower initial income levels (output per capita in 1950) tend to grow faster than those with higher initial income levels. This results in a negative relationship between output per capita in 1950 and growth since 1950, as countries that were poorer in 1950 have generally grown at a faster rate to catch up with richer countries.

In the OECD Countries,there Is a Negative Relationship Between Output