According to the convergence hypothesis,differences in real GDP per capita among countries tend to narrow over time because countries that start with a _____ real GDP per capita tend to have _____ growth rates.

Question

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The convergence hypothesis suggests that countries with lower initial income levels have an advantage in terms of growth potential since they can adopt existing technology and techniques used in more advanced countries. This enables them to achieve higher growth rates, eventually catching up with the high-income countries.

According to the Convergence Hypothesis,differences in Real GDP Per Capita