Why Does South Korea Have a Higher Level of Real

question 27

Multiple Choice

Why does South Korea have a higher level of real GDP per capita than North Korea?

• A) South Korea has more human capital than North Korea.
• B) South Korea has more physical capital than North Korea.
• C) South Korea has a better system of incentives for producers than North Korea does.
• D) Each of these answers is correct.

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Definitions:

Uniform Partnership Act

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Pass-Through Entity

A business structure that allows profits to be 'passed through' directly to the owners or shareholders, avoiding corporate income tax.

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