BOK Reports North Korea 2016 GDP Growth of 3.9%

BOK Reports North Korea 2016 GDP Growth of 3.9%

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the challenges of obtaining direct economic data from North Korea and how estimates are made using information from South Korean intelligence, trading partners, and defectors. It highlights the unreliability of these estimates compared to South Korea's official data. The video also compares North Korea's economic growth to South Korea, noting the significant income disparity despite growth. Historical methods used during the Cold War to estimate the Soviet Union's economy are also mentioned.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Why are the economic numbers for North Korea considered less reliable?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the estimated per capita income of North Korea compared to South Korea?

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