Convergence of output per capita across countries has come from
A)a convergence of saving rates.
B)a convergence of the accumulation of capital.
C)higher technological progress from the countries that started behind.
D)all of the above

Question

Quizplus · Accepted Answer

Convergence of output per capita is often driven by higher technological progress in countries that started behind, allowing them to catch up with more advanced economies.

Convergence of Output Per Capita Across Countries Has Come from