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A Puzzle: the Share of GDP Devoted to Investment Was

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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?


Definitions:

Eudaimonistic Model

A model that incorporates a comprehensive view of health in which health is seen as a condition of actualization or realization of a person’s potential.

Full Potential

The highest or maximum level of performance, achievement, or utilization that an individual or entity is capable of reaching.

Absence of Illness

A state in which an individual does not exhibit symptoms or signs of disease, contributing to their overall health and well-being.

Developmental Testing

Evaluating a product or system during its development to ensure it meets specified requirements and works as intended.

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