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Q.No.1. Differentiate the following by giving at least one practical example
1. GNP Vs NNP
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Solved in 2 steps
- The net reproduction rate of a population is defined as r=b1+b2s1+b3s1s2+.......bns1s2.....sn-1 where the b1 are the birth rates and the sj are the survival rates for the population . Explain why r can be interpreted as the average number of daughters born to a single female over her lifetimWhich of the following is not counted in the GNP of Turkey?A) The wage of a Turkish citizen who works in a foreign country for a foreign firm.B) The interest earned by a Turkish bank on loans to a business firm located in Brazil.C) The profit earned by a restaurant located in Turkey but owned by a Mexican company.D) The value of services that are produced by state and local governments in Turkey.If Mercedes builds cars in the United States, is their value counted in U.S. GNP?
- Interpret the GNP of the Philippines over the years and what is it’s implication.Explain how the percentage of undernourished people can have decreased slightly between 2000–2002 and 2005–2007, while the absolute number of undernourished people increased slightly during the same periodIf we model after-tax household income with a normal distribution, then the figures of a study imply the information in the following table. Assume that the distribution of incomes in each country is normal. \table[[Country,Country A,Country B,Country C,Country D,Country E],[Mean Household Income,$11,000,$40,000,$13,000,$12,000,$34,000
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