Business, 30.07.2019 19:10, mustafajibawi1

Assume there are two countries: south korea and the united states. south korea grows at 4% and the united states grows at 1%. for the sake of simplicity, assume they both start from the same fictional income level, $10,000. what will the incomes of the united states and south korea be in 20 years? by how many multiples will each country’s income grow in 20 years?

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Assume there are two countries: south korea and the united states. south korea grows at 4% and the...