What effect do non-tradable goods have on ppp, International Economics

Assignment Help:

What effect do non-tradable goods have on PPP?

Answer:  The consequence is quite substantial.  In 1997 the production of non-tradable goods accounted for about 55% of U.S GNP.  Together with haircuts non-tradable goods include housing, routine medical treatment and so on.  For the nearly all parts non-tradable goods are comprised of services and the output of the construction industry.  Non-tradable assists explain much of the wide departure from PPP that is present in empirical data.

 


Related Discussions:- What effect do non-tradable goods have on ppp

Economic effect of nationalization, Research about the effects of the Natio...

Research about the effects of the Nationalization in terms of: Economic effect of nationalization -International -What is happening to FDI? How it has affected other inter

Goal of a single shared currency, Q. Why did the EU countries move away fro...

Q. Why did the EU countries move away from the EMS toward the goal of a single shared currency? Answer: 1. To produce a superior degree of European market integratio

Explain why the distinction between debt and equity finance, Q. Explain wh...

Q. Explain why the distinction between debt and equity finance is useful in analyzing the response of developing countries to unforeseen events such as recession or terms of trade

Trade theories, explore the implications of classicals and neoclassicaltrad...

explore the implications of classicals and neoclassicaltrade theories in Africa trade

Trade barriers, why do nations impose trade barriers

why do nations impose trade barriers

Terms of trade, Difference between net barter terms of trade and gross bart...

Difference between net barter terms of trade and gross barter terms of trade

International trade in assets make both countries better off, Q. Ho...

Q. How can international trade in assets make both countries better off? Answer: By permitting them to reduce the riskiness of the return on their wealth and by allowin

What are the advantages and disadvantages of trade blocs, Question 1 What ...

Question 1 What are the advantages and disadvantages of trade blocs? Question 2 Identify and explain the various parameters of regional economic integration Question 3 D

Project, Visit to village panchayat for agriculture based project

Visit to village panchayat for agriculture based project

Assignment, Road,railway,air and shlping transportation

Road,railway,air and shlping transportation

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd