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BUSI 3250 Final Exam (Ch. 7-9) with complete verified solutions 2025
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BUSI 3250 Final Exam (Ch. 7-9) with complete verified solutions 2025
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BUSI 3250 Final Exam (Ch. 7-9)with complete verified
solutions 2025
Foreign environment - answer all the uncontrollable forces originating
outside the home country that surround and influence the firm
Foreign Interactions - answer interaction between domestic and foreign
environmental forces or between sets of foreign environmental forces
gross domestic product (GDP) - answer total monetary value of all goods
and services produced within a nation
Gross National Income (GNI) - answer total value of all income generated
by the residents of a nation, including both the domestic production of
goods and services and income from abroad
high-income economies - answer GNI per capital of $12,056 or more
middle-income economies - answer GNI per capita between $995 and
$12,056
low-income economies - answer GNI per capita of $995 or less
upper-middle income economies - answer GNI per capita between $3,896
and $12,055
lower-middle income economies - answer GNI per capita between $996
and $3,895
, developing economies - answer lower-income nations, which have less
technically developed infrastructure and lower living standards
developed economies - answer high-income industrialized nations which
have high living standards and the most technically developed
infrastructures
emerging market economies - answer Economies with per-capita incomes
in the low to middle range that are in a transition toward developed status
GNI per capita - answer indicates how advanced an economy is but
should be used with caution
purchasing power parity - answer A means of adjusting the exchange
rates for two currencies so the currencies have equivalent purchasing
power
Atlas conversion factor - answer The arithmetic average of the current
exchange rate and the exchange rates in the two preceding years,
adjusted by the ratio of domestic inflation to the combined inflation rates
of the euro zone, Japan, the United Kingdom, and the United States
underground economy - answer The part of a nation's income that,
because of unreporting or underreporting, is not measured by official
statistics; includes production of legal and illegal good and services
Economic Growth Rate - answer The rate of change of real GDP from one
year to the next
income distribution - answer a measure of how a nation's income is
apportioned among its people
GINI index - answer A measure of the degree to which family income
within a country is distributed equally; wide range around the world
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