Within rich economies,there is strong evidence of convergence ________.
A)for regions within a country
B)with developing economies
C)leading to military conflict
D)of capital stocks,rather than output

Question

Quizplus · Accepted Answer

Convergence refers to the process by which less developed regions or economies grow more quickly and converge in terms of their income and other economic indicators with richer economies. There is strong evidence of convergence for regions within a country, meaning that poorer regions within a country tend to catch up with richer regions over time. This may be due to factors such as investments in infrastructure, education, and technology, as well as reduced barriers to trade and mobility within a country. Convergence with developing economies may also occur, but this is not the most strongly supported finding within the question. The other options (C and D) are not relevant to the concept of convergence within rich economies.

Within Rich Economies,there Is Strong Evidence of Convergence ________