A Puzzle: the Share of GDP Devoted to Investment Was

question 2

Essay

A puzzle: The share of GDP devoted to investment was similar for Canada and South Korea over the period 1960-1990. However, South Korea had a 7 percent growth rate of average annual income, while Canada had only a 2.5 percent growth rate. How can this be explained?

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Definitions:

Lakes

Large, naturally occurring bodies of fresh or saltwater, surrounded by land, not part of the ocean.

Capitalization

In finance, capitalization often refers to the total market value of a company's outstanding shares, or the process of funding a project or business with capital.

Southern

Pertaining to or characteristic of the southern part of a region, country, or the world, often used in geographic, cultural, or climatic contexts.

Poetry

A literary form that emphasizes expression, aesthetic and rhythmic qualities of language.