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- The following table shows the export
price index for New Zealand’s merchandise exports to Australia and China for 2002 and 2019.
|
Australia |
China |
|
|
2002 Export price index |
1000 |
1000 |
|
2019 Export price index |
1051 |
1412 |
Explain what the numbers in this table show.
Provide a plausible explanation for why the price indexes for each of these two countries are different (you don’t need to prove your proposed explanation).
Step by step
Solved in 2 steps with 1 images
- What name is given to the index based on the prices of exported or imported merchandise? a)U.S. Producer PriceIndex b)U.S. Producer TradeIndex c)International PriceIndex d)International TradeIndexIn 2019 worldwide food exports totaled $700 billion. In the same year, US food exports were $90 billion. In 2019, worldwide total exports were $20.5 trillion. In 2019, US total exports were $2.9 trillion. Calculate the Belassa index for US food exports. By this measure, does the US have comparative advantage in food products?The table below represents the quantity of rice demanded for selected countries. Quantity of Rice Demanded (millions of metric tons) Price (U.S. dollars per metric ton) Japan Taiwan South Korea Market Total $600 13 7 8 500 14 8.5 10.5 400 15 10 13 300 16 11.5 15.5 200 17 13 18 a. Fill in the market quantity of rice demanded (column “Market”) for each given price. round to the nearest decimal
- The following table presents the exports and imports of a country in three categories for the years 2005 and 2010. Categorie Exports (millions $) Imports (millions in $) 2000 2010 2000 2010 Agriculture 51,296 70,912 39,186 65,459 Manufacture 625,894 785,599 1,012,855 1,416,302 Minery 13,479 34,711 135,367 332,500 Construct four matrices, one for each column of the table, whose dimension is 3 x 1. Use two of these matrices to determine matrix E, which will represent the trade balance for the year 2000 and matrix B, which will represent the trade balance for the year 2010. Apply the concepts of matrix algebra to determine the matrix E - F, which will compare both years. Apply the properties of the matrices to determine if the trade balance from…Answer the following questions from the given Table below which contains data for Saudi Arabia for the year 2022. d. What were Saudi Arabia’s exports and imports in 2022?Using the following transactions below, compile the Supply and Use Table Oil refinery imported $720,000 worth of crude oil to produce. Oil refinery uses crude oil to produce $500,000 worth of petrol and $220,000 worth of diesel. Household purchased (40%) of petrol government (30%), manufacturing (10 %) and exports (20%).
- Given the above graph, what are the imports and exports for this country? a- It imports 25 computers and exports 275 shoes b- It exports 25 computers and imports 275 shoes c- It imports 125 computes and exports 350 shoes d- It exports 125 computes and imports 350 shoesCompute the ratio of exports to imports for 2020 for each category.The price of a Big Mac in the United States in 2015 was $4.79. Using the Big Mac burger as a representative commodity common to the countries, calculate the PPP-adjustment factor for each country, and then the PPP level of per capita GDP in each country. 1. The following table lists 2015 GDP per capita for four countries. The data are given in the national currencies of the countries. It also lists the price of a Big Mac burger in the local currency of each country in 2015.
- The ____________________ is based on the prices of merchandise that are exported or imported. Question options: a) International Price Index b) Producer Price Index c) International Product Index d) Foreign Price Index The Producer Price Index is based on prices paid for supplies and inputs by: Question options: a) the small business sector b) government c) producers of goods and services d) consumersInternational trade policies: International trade policies refer to measures aimed at regulating the flow of goods and services between countries. In the case of a severe negative supply shock, the government may impose trade restrictions to limit the outflow of key inputs or to protect domestic producers. However, this can lead to higher prices for consumers and retaliation from trading partners, which can harm exports and further reduce supply. Explain with a graph please.The Bahamas paid a "very high price" for not using non-tariff barriers to prevent foreign producers from dumping low-quality food products into the country, a practice that has driven Bahamian farmers out. According to the article, the Bahamas' food security shortfalls and inability to feed itself have made food nearly affordable for many segments of society, implying that poor policy decisions of previous administrations contributed to the demise of agriculture. The industry's contribution to Bahamian GDP has fallen to less than 1%, compared to its contribution of 5-6 percent to Bahamian GDP in the 1970s and 1980s. 1. Identify the type of market failure being discussed in the article and discuss why market failure occurs in this scenario 2. Suggest a relevant government policy that would yield the efficient outcome andcarefully explain the process through which the implementation of thegovernment policy will lead to the optimal outcome. 3. How will the imposition of the chosen…
