Convergence is the idea that ___________ will equalize across nations as they approach the steady state.
A) the level of education
B) the level of real gross domestic product (GDP)
C) the level of real GDP per capita
D) the level of environmental quality
E) political stability

Question

Quizplus · Accepted Answer

Convergence theory suggests that the level of real GDP per capita will equalize across nations as they approach the steady state. This means that countries with lower levels of real GDP per capita will experience faster economic growth than countries with higher levels of real GDP per capita, thus leading to convergence in the long run.

Convergence Is the Idea That ___________ Will Equalize Across Nations