Suppose there are only two small countries in the world: Ascot, with a population of 30,000 people, and Delwich, with a population of 20,000 people. Ascot’s GDP is equal to $150 million, while Delwich’s GDP is $250 million. Delwich’s GNP has been estimated to be equal to $280 million. Use this information to calculate Ascot’s GNP, the GDP per capita in Ascot, and the GNP per capita in Delwich.

Please note: for part i. of the question - the cost of copying is changing for the FOLLOWER COUNTRY (Country 2).

Which of the following statements about country wealth is true? Everyone in a high real GDP per capita country like Belgium or Qatar is wealthy China and India have a higher real GDP per capita because of their large populations ) There is no connection between a country's real GDP per capita and wealth The United States has the highest real GDP per capital of any country with a population above 50 million Countries with smaller populations always have higher real GDP per capita

In a farway country, banana is the most important crop exported to rest of the world. Data about economic indicators for farway country are given in Table 1. In recent years, a life style change, leading to more consumption of processed food, than raw food has led to reduction in demand for Bananas for consumption. Since the manufacturing sector in FarwayCountry is not developed, the country has to import most of its processed food needs, leading to increase in imports.The Government of Farwaycountry is contemplating inviting foreign investors to establish industries to manufacture banana products such as candies, marshmallows, chips, cookies etc. to give boost to manufacturing sector in the economy. Mr. Brown runs Candie Floss inc., a leadingcompany from Australia that manufactures candies,   and sells across the world. Mr. Brown is approached by the External Affairs Minister of Farway Country, inviting him to set up his unit in Farway Country. Mr. Brown is looking for some advice,…