The convergence theory predicts that:
A) even if countries differ in their rates of savings, population growth, and other features, they will still converge to the same growth rate, although not the same level of income.
B) countries that start out poor should initially grow faster than ones that start out rich, but will eventually slow to the same growth rate.
C) poor countries are not generally expected to sustain a high growth rate and surpass the existing rich countries.
D) All of these are predicted by the convergence theory.
Correct Answer:
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A)
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