[Online Document Assignment:]
EIA Activity: Banks and the South Korean Miracle
Click on the links on the right to answer the following questions.
Use Link 1 to answer the following questions. True or False: In 2013, GDP in South Korea was worth US$50 billion.
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| B. |
True or False: From 1960 through2013, GDP in South Korea averaged US$500 billion.
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| B. |
Use Link 2 to answer the following question.True or False: In 2013, South Korea’s GDP per capita was equal to US$40,500.
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| B. |
Use Link 3 to answer the following question. True or False: From 1971 through 2014, South Korea’s annual GDP growth rate averaged 7.08%.
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| B. |
Use Link 5 to answer the following question. Which of the following roles does the Bank of Korea play to ensure financial stability?
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| B. |
| C. |
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Use Link 5 to answer the following question. True or False: From 1970 through2013, personal savings in South Korea averaged KRW145575.94 billion.
| A. |
| B. |
How does the economy in South Korea differ from the economy in North Korea? Discuss some of the major differences between the two economies.
Why is having a good financial system an important source of economic growth for countries? Discuss.
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