When a lower-income economy’s GDP is able to “catch up” with a higher-income economy’s GDP, this behavior is related to an important concept in the study of economic:   policy  fluctuations divergence       convergence

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter14: Aggregate Demand And Supply
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  1. When a lower-income economy’s GDP is able to “catch up” with a higher-income economy’s GDP, this behavior is related to an important concept in the study of economic:

 

    1. policy 
    2. fluctuations
    3. divergence      
    4. convergence

 

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