If France's per capita GDP is $5,000 in 1950 and Portugal's is $2,500,but Portugal is growing faster,the expectation that by some time in the future Portugal's per capita GDP will equal that of France is called economic:
A)growth.
B)divergence.
C)convergence.
D)fluctuations.
E)asset markets.

Question

Quizplus · Accepted Answer

The expectation that by some time in the future two countries with different initial per capita GDPs will converge in their levels of income is called economic convergence. Therefore, the correct answer is C) convergence.

If France's Per Capita GDP Is $5,000 in 1950 and Portugal's