Gross national income gni Study guides, Class notes & Summaries

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...

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...

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...

COMM211 Final Exam Questions and Answers 100% Pass What is Globalization? - Answer-Shift towards a more integrated and independent world economy What are the drivers of globalization? - Answer-1. Declining trade and investment barriers 2. Technological change 3.PEST 4. Growing a new culture 5. Advances within the economy What is the Globalization debate? - Answer-the different arguments on wether globalization is a good thing to implement in the world economy What are the main global...

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 assessment of risks and the preparation to minimize the impact of ...

development definition correct answers the progress in economic growth, use of technology and improving welfare that a country has made GNI correct answers - gross national income - the total value of goods and services produced by a country in a year, including income from overseas - a measure of wealth - it gets higher as a country develops GNI per capita/head correct answers - the GNI divided by the population of a country - a measure of wealth - it gets higher as a country develop...

ECON 582 Exam 1 KU Key Terms Okao Exam Questions and Answers Absolute Poverty - Answer-A situation of being unable to meet the minimum levels of income, food, clothing, health care, shelter, and other essentials Subsistence economy - Answer-an economy in which production is mainly for personal consumption and the standard of living yields little more than basic necessities of life - food, shelter, and clothing Development - Answer-the process of improving the quality of all human lives an...

foreign environment - ANSWER-All the uncontrollable forces originating outside the home country that surround and influence the firm international environment - ANSWER-Interaction between domestic and foreign environmental forces or between sets of foreign environmental forces gross domestic product (GDP) - ANSWER-the total monetary value of all goods and services produced within a nation gross national income (GNI) - ANSWER-The total value of all income generated by the residents of a ...

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 act...

COMM211 Final Exam Questions and Answers 100% Pass What is Globalization? - Answer-Shift towards a more integrated and independent world economy What are the drivers of globalization? - Answer-1. Declining trade and investment barriers 2. Technological change 3.PEST 4. Growing a new culture 5. Advances within the economy What is the Globalization debate? - Answer-the different arguments on wether globalization is a good thing to implement in the world economy What are the main global...