The shrinking gap between the income levels of poor and rich countries is known as the
A)conservative hypothesis.
B)divergence hypothesis.
C)convergence hypothesis.
D)confluent hypothesis.

Question

Quizplus · Accepted Answer

The convergence hypothesis states that the income levels of poor and rich countries will eventually converge or come closer together over time. This is due to increased globalization, access to technology, and the spread of knowledge and ideas. This hypothesis suggests that developing countries will experience faster economic growth rates than developed countries, leading to a shrinking income gap between the two.

The Shrinking Gap Between the Income Levels of Poor and Rich