Practice mode Comparative GDP

Why have many East Asian countries been growing very quickly?

Correct answer B. They save and invest an unusually high percentage of their GDP

Explanation

High saving finances heavy investment in physical capital, which raises output per worker. Economies such as South Korea and Singapore invested large shares of GDP during their rapid growth.

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Why have many East Asian countries been growing very quickly?

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Why have many East Asian countries been growing very quickly?

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