Essentials of Economics 8th Edition by Bradley Schiller

تمرين 10

IN₂ 008 the dollar value of total output was roughly $40 billion in North Korea and $930 billion in South Korea. South Korea devotes 2.7 percent of its output to defense. Using the data in Figure 1.4, compute how much North Korea spends on its military. Which nation spends more, in absolute dollars?