Answer: absolute convergence.

## Explanation **Absolute convergence** refers to the hypothesis that: - **Poorer countries** will grow faster than richer countries - Eventually, **all countries** will converge to the **same level** of per capita output - This occurs **regardless** of differences in savings rates, population growth, or other factors **Why not the other options:** - **Club convergence**: Countries converge only within specific "clubs" or groups with similar characteristics - **Conditional convergence**: Countries converge to their own steady states, which depend on factors like savings rates and population growth **Key insight**: Absolute convergence implies that developing countries will completely catch up to developed countries in per capita output, assuming all else is equal.

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