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Definitions:
Total Fertility Rate
An estimate of the average number of children a woman will have over her reproductive lifetime.
South Korea
A country in East Asia, known for its rapid economic development, technological advancements, and vibrant culture, located on the southern half of the Korean Peninsula.
Industrialization
The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods.
Chicago School
An economic theory advocating for free-market capitalism, emphasizing minimal government intervention.
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Q100: Consider the quarterly production data (in thousands