Please consider Table 22-2 below.
Assuming constant Annual Average Growth Rate in the future, calculate the output per capita for the United States and South Korea for the year 2040.
Definitions:
Inability to Innovate
The lack of capability or creativity in developing new products, services, or processes, which can hinder a business's growth and competitiveness.
Initial Financing
The first round of funding a business obtains to start operations, which can come from a variety of sources including personal savings, loans, or investor money.
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