POST WAR WORLD 1946 1959
KOREAS PARTITION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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North Korea
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South Korea
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Either A or B
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None of the above
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Detailed explanation-1: -Economy. India has a GDP per capita of $6, 100 as of 2020, while in South Korea, the GDP per capita is $42, 300 as of 2020.
Detailed explanation-2: -South Korea is therefore one of the world’s largest economies and is currently at rank 10. If this is calculated per inhabitant, taking purchasing power parity into account, then South Korea ranks 29th in the list of the richest countries. Inflation in South Korea in 2021 was around 2.50%.
Detailed explanation-3: -The economy of South Korea is a highly developed mixed economy. By nominal GDP, it has the 4th largest economy in Asia and the 13th largest in the world. South Korea is notable for its rapid economic development from an underdeveloped nation to a developed, high-income country in a few generations.