The idea that relatively poor nations should have higher rates of growth of real GDP per capita than relatively rich nations is known as the:

a. convergence hypothesis.

b. East Asian miracle.

c. sustainable development hypothesis.

d. Industrial Revolution.

In economics, this term refers to a belief that the countries with the lowest GDP per capita ratio show higher growth than the economies that have a higher GDP per capita, which causes that in a given period of time these indicators tend to be regulated naturally.

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The idea that relatively poor nations should have higher rates of growth of real GDP per capita than relatively rich nations is known as the: a. convergence hypothesis. b. East Asian miracle. c. sustainable development hypothesis. d. Industrial Revolution.

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The idea that relatively poor nations should have higher rates of growth of real GDP per capita than relatively rich nations is known as the:

a. convergence hypothesis.

b. East Asian miracle.

c. sustainable development hypothesis.

d. Industrial Revolution.