Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Textbook Question
Chapter 32, Problem 33P
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
• 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.
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5:06
A & & & O M P
Page 2 of 5
QUESTION 2
The table below contains data on international transactions for the country of Econia. All figures
are in thousands of Econia Dollars (E$), and you may assume that there is no statistical
discrepancy generated by the collection of the data on the various kinds of transactions.
Complete the table by filling in the light-blue shaded cells.
Payments
from the rest
of the world
All figures in thousands of E$
Payments
from Econia
to the rest of
the world
Net
Payments to
Econia
to Econia
Sales and purchases of goods & services
Factor payments
5,250
2,500
1,500
1,000
Transfers
750
1,250
-500
Sales & purchases of assets
10,000
Total Current Account
10,250
Total Financial Account
Page 3 of 5
QUESTION A3
What other variables do you expect to influence the number of international travelers?
Goods and services that are not sold in markets, such as food produced and consumed at home, are generally not included in GDP.
As a result, you would expect the GDP per person in India and the United States will differ by_____ than their actual comparative economic well-being.
Chapter 32 Solutions
Principles of Economics 2e
Ch. 32 - Using the data in Table 32.3, rank the seven...Ch. 32 - What are the drawbacks to analyzing the global...Ch. 32 - Create a table that identifies the macroeconomic...Ch. 32 - Use the data in the text to contrast the policy...Ch. 32 - What are the different policy tools for dealing...Ch. 32 - Explain how the natural rate of unemployment may...Ch. 32 - How does indexing wage contracts to inflation help...Ch. 32 - Use the AD/AS model to show how increases in...Ch. 32 - Show, using the AD/AS model, how governments can...Ch. 32 - What do international flows of capital have to do...
Ch. 32 - Use the demand-and-supply of foreign currency...Ch. 32 - What is the primary way which economists measure...Ch. 32 - What are some of the other ways of comparing the...Ch. 32 - What are the four other factors that determine the...Ch. 32 - What other factors, aside from labor productivity,...Ch. 32 - What strategies did the East Asian Tigers employ...Ch. 32 - What are the two types of unemployment problems?Ch. 32 - In low-income countries, does it make sense to...Ch. 32 - Is inflation likely to be a severe problem for at...Ch. 32 - Is inflation likely to be a problem for at least...Ch. 32 - What are the major issues with regard to trade...Ch. 32 - What are the major issues with regard to trade...Ch. 32 - Demography can have important economic effects....Ch. 32 - Explain why is it difficult to set aside funds for...Ch. 32 - Why do you think it is difficult for high-income...Ch. 32 - Is it possible to protect workers from losing...Ch. 32 - Explain what will happen in a nation that tries to...Ch. 32 - Why are inflationary dangers lower in the...Ch. 32 - Explain why converging economies may present a...Ch. 32 - Retrieve the following data from The World Bank...Ch. 32 - Prepare a chart that compares India, Spain, and...Ch. 32 - Use the Rule of 72 to estimate how long it will...Ch. 32 - Using the research skills you have acquired,...Ch. 32 - Retrieve the unemployment data from The World Bank...Ch. 32 - Retrieve inflation data from The World Bank data...
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