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In 2020 the dollar value of total output was roughly $40 billion in North Korea and $1,600 billion in South Korea. South Korea devoted 2.5%
- In 2020 the dollar value of total output was roughly $40 billion in North Korea and $1,600 billion in South Korea. South Korea devoted 2.5% of its output to defense, and North Korea devoted 19% of its output to defense.
- How much does North Korea spend on its military in (dollars)?
- Which nation spends more (in dollars)?
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Microeconomics
Authors: Robert S. Pindyck, Daniel L. Rubinfeld
7th edition
8131725995, 8131725993, 978-8131725993
