The convergence hypothesis fits the data only when the factors that affect growth are held equal across countries.These factors do NOT include:

Question

Quizplus · Accepted Answer

GDP per capita is actually one of the factors that do affect growth and is used as a measure of economic growth. Therefore, it cannot be excluded from the factors affecting growth for the convergence hypothesis to hold. A, B, and C are all factors that affect growth and should be held equal across countries for the convergence hypothesis to fit the data.

The Convergence Hypothesis Fits the Data Only When the Factors