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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,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?
Decimal Places
The places for digits to the right of the decimal point, representing tenths, hundredths, thousandths, and so forth.
Base
In finance, it typically refers to the basic rate or the initial point of reference from which calculations are made or adjusted.
Decimal Places
The number of digits to the right of the decimal point in a number.
Base Value
A reference or initial value used for comparison or calculation purposes in finance and economics.
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