Question
[Passage: Same as Q43]
Which of the following statements is/are correct?
1. The convergence model divides nations into three phases of economic progress.
2. At the heart of the convergence theory is the closing of the gap between labour and productivity.
3. Technology leaders typically have arrived earlier at different economic eras.
4. The time period covered by the convergence theory presented herein encompasses, as mentioned, 4012200 years.
Select the answer using the code given below.
- (a)2 and 4
- (b)2 and 3
- (c)3 only
- (d)1, 3 and 4