Gross national income gni - Study guides, Class notes & Summaries

How does the World Bank rank economies? correct answers WB ranks 213 economies with a population of at least 30,000 by their levels of gross national income (GNI) per capita GNI per capita often used as a summary index of the relative economic well-being of people in different nations Which groups does the WB lump economies into? correct answers Low-income countries (LICs) Lower-middle-income (LMCs) Upper-middle-income (UMCs) High-income OECD Other high-income LMCs and UMCs informal...

WGU C211 Globalization (peng 1,5,6,11) Exam Practice Questions with 100% Correct Answers global business - Correct Answer ️️ -business around the globe international business - Correct Answer ️️ -business (firm) that engages in international (cross -border) economic activities and the action of doing business abroad. base of the pyramid - Correct Answer ️️ -part of the view of the global economy as a pyramid. The vast majority of humanity, about four billion people, lives at...

WGU C211 Global Economics for Managers Complete Vocabulary| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Q: What is resource similarity and how does this impact competitive dynamics? Answer: companies with high resource similarity and low market commonality will find themselves in regular adversarial interactions. Q: What is Classical Theory of International Trade Answer: Mercantilism: A zero-sum game theory that argues countries get richer when they sel...

C211 Global Economics for Managers Exam Questions and Answers 100% Pass Base of the pyramid (BOP) - Answer- Economies where people make less than $2,000 per capita per year. BRICA - Answer- Brazil, Russia, India, and China. Emerging economies - Answer- term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets - Answer- A term that is often used interchangeably with "emerging economies." Expatriate manager - Answer- A manager who works abroad,...

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) - ...

BUSI 3250 Final Exam (Ch. 7-9) Questions and Answers Foreign environment - Correct Answer ️️ -all the uncontrollable forces originating outside the home country that surround and influence the firm Foreign Interactions - Correct Answer ️️ -interaction between domestic and foreign environmental forces or between sets of foreign environmental forces gross domestic product (GDP) - Correct Answer ️️ -total monetary value of all goods and services produced within a nation Gross Na...

Difference between GDP and GNI correct answers - GDP: Gross Domestic Product → PRODUCTION - GNI: Gross National Income → INCOME (includes wages, salaries, and property income) What is HDI? correct answers - Human Development Index - Accounts for life expectancy, educational attainment, and personal income Concept of Purchasing Power Parity (PPP) correct answers - Purchasing Power Parity: corrective measure, the economic theory that allows the comparison of the purchasing power of var...

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) - ...

WGU C211 - Global Economics for Managers Final Exam - All Reading (Answered Fall 2022) 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. Foreig...

C211: Global Economics for Managers (WGU) Cengage Text Questions and Answers 100% Pass 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 manage...