(Consider This) Today, South Korea's economy
A) produces a GDP per capita of $1,700.
B) is considered a command economy.
C) has a lower GDP per capita than North Korea's economy.
D) is more developed and prosperous, producing an average annual income of $39,500.

Question

Quizplus · Accepted Answer

South Korea's economy is one of the most developed and prosperous economies in the world, with an average annual income of $39,500. This is a significant improvement from the past, where the GDP per capita was only $1,700. South Korea is also not a command economy, as it primarily operates under a market-based economy. Additionally, North Korea's economy has a significantly lower GDP per capita compared to South Korea's.

(Consider This) Today, South Korea's Economy