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 sometime in the future Portugal's per capita GDP will equal that of France is called economic:
A) growth.
B) divergence.
C) convergence.
D) dynamics.
E) justice.

Question

Quizplus · Accepted Answer

The expectation that Portugal's per capita GDP will eventually equal France's due to faster growth is known as economic convergence.

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