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Business, 14.12.2019 00:31 dlsmith68

Some data that at first might seem puzzling: the share of gdp devoted to investment was similar for the united states and south korea from 1960-1991. however, during these same years south korea had a 6 percent growth rate of average annual income per person, while the united states had only a 2 percent growth rate. if the saving rates were the same, why were the growth rates so different?

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