Which one/s of the following "is a cause"/"are the causes" of international income differences? 1) productivity differences 2) human capital differences 3) physical capital differences 4) all of the above
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Which one/s of the following "is a cause"/"are the causes" of international income differences?
1) productivity differences
2) human capital differences
3) physical capital differences
4) all of the above
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- Suppose in a year an American worker can produce 100 shirts or 20 computers, while a Chinese worker can produce 100 shirts or 10 computers.Graph PPC for the 2 countriesThe 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…Discuss the relationship observed between the countries
- Country A has a GDP of $300 billion and a population of 10 million, while country B has a GDP of $3 trillion and a population of 200 million. The per capitia in the country A and Country B are?Determining the international economic/trade exposure of the Netherlands, to what extent is the Dutch economy exposed to international economic activities and why? Also comparing and contrasting the GDP and GNP values of the United States and Canada the GDP and GNP figures are very similar for the United States, why is it?Using the research skills you have acquired, retrieve the following data from The World Bank database (http://databank.worldbank.orgdata home.aspx) for India, Spain, and South Africa for 20102015, if available: • Telephone lines • Mobile cellular subscriptions • Secure Internet servers (per one million people) • Electricity production (kWh) Prepare a chart that compares these three countries. Describe the key differences between the countries.
- If a country's GDP is $10 trillion, its exports are $1 trillion, and its imports are $1.5 trillion, then its trade/GDP ratio is:With respect to environmental regulations, there is a conflict between the middle- and low-income countries on the one hand and the high-income countries on the other hand. The middle-and low-income countries argue that during the past many decades high income countries have Group of answer choices been the primary contributors to reduced biodiversity. been the primary contributors to greenhouse warming. failed to put environmental protection ahead of corporate profits. lacked moral standing in addition to all the three answers.Which of the following refers to those who are interested in assessing the relative standard of living in different countries over a given period? a.Percentage change in nominal GDP b.Population c.Per capita GDP. d.Nominal GDP
- Compute the ratio of exports to imports for 2020 for each category.Why does the price of a Big Mac, in dollars calculated using market exchange rates, tend to rise with per capita income? Please explain detailed1. Which of the following is true and which is false:a) The trade-to-GDP ratio for a nation that had €600 million in exports, €400 million in imports,and GDP of €2,000 million is equal to 0.5.b) The trade-to-GDP ratio for a nation that had €600 million in exports, €400 million in imports,and GDP of €2,000 million is equal to 0.05.c) A trade-to-GDP ratio in percentage terms equal to 120% means that the country exchanges1.2 times worth of goods and services of what it generates domestically over a certain period.d) The trade-to-GDP ratio is a measure of how income distribution between nations.e) The trade-to-GDP ratio is a measure of how intensively a country participates in internationaltrade.f) The higher the trade-to-GDP ratio, the stronger is the purchasing power of the country in theworld markets
