This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What effect do non-tradable goods have on PPP? What will be an ideal ... (Read 70 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
on: Jun 30, 2018
What effect do non-tradable goods have on PPP?
 
  What will be an ideal response?

Question 2

Eurodollar deposits arising from OPEC trade surpluses are called
 
  A) OECD-dollars.
  B) OPEC-dollars.
  C) petrodollars.
  D) None of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

The effect is quite substantial.
In 2006, the output of non-tradable goods accounted for about 46 of U.S. GNP. Along with haircuts, non-tradable goods include routine medical treatment, housing etc. For the most part, non-tradable goods are comprised of services, and the output of the construction industry. Non-tradable help explain much of the wide departure from PPP that is present in empirical data.

Answer to Question 2

C


BRWH

  • Member
  • Posts: 553
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Is the principle of cause and effect unfounded? Is the principle of cause and effect unfounded?
The fact that a mother works outside the home has no negative effect on the well-being of her child ... The fact that a mother works outside the home has no negative effect on the well-being of her child ...
Some Hall-effect sensors look like magnetic sensors. This Hall-effect camshaft reference sensor and ... Some Hall-effect sensors look like magnetic sensors. This Hall-effect camshaft reference sensor and ...
Effect of a catalyst on activation energy Effect of a catalyst on activation energy
The ancestral and modern-day tomato. (b) Phenotypic effect of the fw2.2 transgene in the tomato The ancestral and modern-day tomato. (b) Phenotypic effect of the fw2.2 transgene in the tomato
Chloride and bicarbonate exchange in the renal tubules and effect of aldosterone on excretion of H+ Chloride and bicarbonate exchange in the renal tubules and effect of aldosterone on excretion of H+
Video: Glomerubular filtrate rate -pressures that affect GFR and net filtration pressure

For a complete list of videos, visit our video library