The convergence hypothesis suggests that: a. relatively poor countries should have lower growth rates of real GDP per capita compared to rich countries. b. differences in real GDP per capita among countries tend to narrow over time because countries that begin with lower real GDP per capita tend to have higher growth rates. c. relatively poor countries, because they began with a temporal disadvantage in industrializing, will never have growth rates of real GDP per capita that converge with the rate of rich countries. d. relatively rich countries will eventually have much higher rates of growth of real GDP per capita compared to relatively poor countries. The key indicator of a country's living standard and economic well-being is:
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