Empirical evidence from 1960 to 2011 shows that convergence in economic growth is occurring in which of the following cases?
A) Low-income industrial countries are catching up to high-income industrial countries.
B) Low-income developing countries are catching up to high-income industrial countries.
C) Low-income agricultural countries are catching up to high-income developing countries.
D) All low-income countries are catching up to all high-income countries.
E) Low-income developing countries are catching up to low-income industrial countries.
Correct Answer:
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