What does the economic growth model predict?
A)GDP per capita of poor countries will grow more rapidly than in rich countries.
B)GDP per capita of rich countries will grow more rapidly than in poor countries.
C)governments must centrally direct the economy for economic growth to occur.
D)GDP per capita of poor countries will never change.

Question

Quizplus · Accepted Answer

The economic growth model predicts that GDP per capita of poor countries will grow more rapidly than in rich countries, a concept known as "convergence," where poorer economies grow faster than wealthier ones and thus catch up over time in terms of income per capita.

What Does the Economic Growth Model Predict