Developing countries are starting to converge with developed countries in the long run in what respect?
A)Growth rate
B)Income inequality
C)Population
D)Per capita income

Question

Quizplus · Accepted Answer

In the long run, developing countries are starting to converge with developed countries in terms of per capita income. This means that the income gap between developing and developed countries is slowly closing, indicating economic growth and development in developing countries. However, growth rates, income inequality, and population are still unbalanced between developing and developed countries.

Developing Countries Are Starting to Converge with Developed Countries in the Long