Real per capita GDP in South Korea in 1961 was about $350, but it doubled to about $700.00 by 1981. a. What was the average annual economic growth rate in South Korea over the 20.00 years from 1961 to 1981? (NOTE: Round this to two places past the decimal point.) % b. Per capita real GDP doubled in South Korea again in only seven years, reaching $1400.00 by 1988.00. What was the average annual economic growth rate between 1981 and 1988.00? (NOTE: Round this to two places past the decimal point.)
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Real per capita GDP in South Korea in 1961 was about $350, but it doubled to about $700.00 by 1981....
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