According to convergence theory, countries that start out poor should initially grow:
A) faster than ones that start out rich, but will eventually slow to the same growth rate.
B) slower than ones that start out rich, but will eventually grow to the same growth rate.
C) faster than ones that start out rich, and will eventually surpass their level of income.
D) slower than ones that start out rich, and therefore will never reach a similar growth rate.
Correct Answer:
Verified
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