The hypothesis that poorer economies 39 per capita incomes will tend to grow at faster rates than ri...........

Economic Affairs Growth and Indicators

The hypothesis that poorer economies' per capita incomes will tend to grow at faster rates than richer economies and as a result, all economies should eventually converge in terms of per capita income is called as

Divergence Theory

Engel’s Law

Law of Equilibriums

Convergence Theory

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Explanation:

Option D is correct

According to Convergence Theory poorer economies will grow more rapidly than wealthier economies, leading to a convergence in terms of per capita income.
It is based on, among other things, the law of diminishing marginal returns, which states that a country's returns on its investment tend towards becoming less than the investment itself as it becomes more developed.
Developing nations can enhance their convergence by opening up their economy to free trade and developing "social capabilities," or the ability to absorb new technology, attract capital, and participate in global markets.