Gross national income gni Study guides, Class notes & Summaries

C211: Global Economics for Managers (WGU) Cengage Text questions and answers Globalization - answer The close integration of countries and peoples of the world. Purchasing Power Parity (PPP) - answer A conversion that determines the equivalent amount of goods and services that different currencies can purchase. Scenario Planning - answer A technique to prepare and plan for multiple scenarios (either high or low risk). Risk management - answer The identification and assessment of risk...

Econ 103 Test Questions and Answers 100% accurate! 1. The field of macroeconomics studies ______ and microeconomics studies ______. A. variables within a single economy; international variables B. individual markets; economic aggregates C. international variables; variables within a single economy D. economic aggregates; individual markets - ANSWER-D. Economic aggregates; individual markets 2. The most commonly used metric for measuring the value of a national economy is: A. gross ...

Base of the pyramid (BOP) Economies where people make less than $2,000 per capita per year. BRICA Brazil, Russia, India, and China. Emerging economies term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets A term that is often used interchangeably with "emerging economies." Expatriate manager A manager who works abroad, or "expat" for short. Foreign direct investment (FDI) Investment in, controlling, and managing value-added activi...

Globalization - The close integration of countries and peoples of the world. Purchasing Power Parity (PPP) - A conversion that determines the equivalent amount of goods and services that different currencies can purchase. Scenario Planning - A technique to prepare and plan for multiple scenarios (either high or low risk). Risk management - The identification and assessment of risks and the preparation to minimize the impact of high-risk , unfortunate events. Gross National Income (GNI) - G...

Macroeconomics - ANSWERSThe study of the economy as a whole, including inflation, growth and unemployment. Aggregate demand - ANSWERSThe total amount of goods / services demanded in an economy at a given time at a given price level. Aggregate supply - ANSWERSTotal amount of goods and services supplied in the economy at a given time at given price level. What is GDP? - ANSWERSGross Domestic Product = the total value of all goods and services produced in an economy in a given time period....

The most commonly used metric for measuring the value of a national economy is: A. gross national income, or GNI B. gross national product, or GNP. C. gross domestic product, or GDP. D. gross domestic income, or GDI. - ANSWER-C. Gross domestic product, or GDP 3. Gross domestic product is the sum of: A. the market values of all final goods and services produced within a country in a given period of time. B. the market values of all intermediate goods and services produced within a count...

C211: GLOBAL ECONOMICS FOR MANAGERS (WGU) CENGAGE TEXT Globalization - correct answer The close integration of countries and peoples of the world. Purchasing Power Parity (PPP) - correct answer A conversion that determines the equivalent amount of goods and services that different currencies can purchase. Scenario Planning - correct answer A technique to prepare and plan for multiple scenarios (either high or low risk). Risk management - correct answer The identification and assessme...

C211 WGU Exam Questions and Answers 100% Pass Globalization - Answer- The close integration of countries and peoples of the world Purchasing power parity (PPP) - Answer- A conversion that determines the equivalent amount of goods and services that different currencies can purchase Scenario planning - Answer- A technique to prepare and plan for multiple scenarios (either high or low risk) Risk management - Answer- The identification and assessment of risks and the preparation to minimize t...

Development - Development is a sustained increase in the standard of living and well-being of a level of social organization. Many consider it to involve increased income; better access to basic goods and services; improvements in education, healthcare, and public health; well-functioning institutions; decreased inequality; reduced poverty and unemployment; and more sustainable production and consumption patterns. The focus on development debates in contemporary global politics is on issues ...

In general, it is fair to assume that laws in foreign countries are the same of different than in the US? - no The three types of legal systems - o Civil Law = based on codification. Systematic collection of laws designed to cover all areas of concern. Bureaucratic. Most widespread system globally. Louisiana. Inquisitorial, judge actively question prosecution, defense, and witnesses, also issues decision. Trial by jury is less frequent o Common Law = relies on decisions made by judges in p...