Tracking the past millennium, they say, puts the current economic drama into perspective. please identify the inaccurate representation in the following set. A) China alone generated one-third of the world’s gross domestic product in 1820.   B) For most of this span, China and India were the world’s two biggest economies   C) In 1850, India produced the highest percent of all the goods consumed in the world.   D) From 1000 to the mid-1880s, they produced, on average, 70 to 80 percent of world output   E) Before the steam engine and the power loom drove the transfer of economic might from Asia to the West, today’s emerging economies dominated world output.

The following table shows real GDP per capita for Canada, Taiwan, and Chad between 1970 and 2000. All figures are in 1998 U.S. dollars.   Compare the data for Canada and Taiwan between 1970 and 1980. During this period, _______ (options: Canada, Taiwan) had a higher level of real GDP per capita, while __________ (options: Taiwan, Canada) experienced a higher growth rate in real GDP per capita.   Convergence theory predicts that poor countries will grow more quickly than rich countries. Which one of the following is a reason for this?   A. Poor countries tend to have higher birth rates than rich countries.   B, Copying existing technologies is less expensive than developing them independently.   C. Rich countries devote a large fraction of their GDP to helping poor countries.

There are two countries in the world: Happytimes and Treehausland. Both countries currently have a GDP per capita of 1. Use the information in the table about growth and productivity to answer the questions. Round all numerical answers to two decimal places. Country Growth rate of GDP per capita Happytimes 0.086 Treehausland 0.031 What is GDP per capita in Happytimes in 21 years21 years ? Happytimes's GDP: $     What is GDP per capita in Treehausland in 21 years21 years ? Treehausland's GDP: $     In 21 years21 years , Happytimes grows how many times more than Treehausland? Happytimes's growth:   times Treehausland's growth

please write a short paragraph

Kariega is a small town in the Eastern Cape, surrounded by automotive industry giants such as Volkswagen South Africa and Goodyear. These industries (directly and indirectly) generate thousands of jobs. These jobs vary from more specialised jobs such as production, industrial andelectrical engineers to information technology specialists and nurses to general assembly workersand canteen staff. The community directly surrounding the factories are generally living in informal settlements where poverty and unemployment levels are high and education levels are low. The Eastern Cape is one of the most poverty‐stricken provinces in South Africa and the presence of the automotiveindustry in this area is critical for sustained job provision and continued job creation. Thanks to the engine manufacturing section of the factory and passenger vehicle manufacturing for both the local and export market, additional jobs are also created as certain local components beingrequired for vehicle…

Why do most economies in the world today operate somewhere in between a market economy and a command economy?

Nobody knows exactly how many people live in Lagos, Nigeria. But they all agree on one thing – Nigeria's biggest city is growing at a terrifying rate. The UN says 14 million. The Lagos State government thinks it’s nearer 21 million, as rural Nigerians are drawn by the hope of a better life to one of Africa’s few mega-cities. By 2050 Nigeria will have twice the population it has today, more than half will live in cities, and about 60% of them will be under 25.As Lagos’ population booms, so too does business activity. Currently, Ben is employed with Marriott and he works in New York City. His manager approaches him with a promotion, which entails moving to Lagos, Nigeria, an emerging market with a population of 12 million people. Ben feels that culturally, this move will be too difficult, but his manager is trying to emphasize the many opportunities that could come from this both economically and professionally for Ben.  Question: Which of the following statement(s) will be the most…

In an increasingly connected world, countries are engaging with global markets more than ever before. As a result, global wealth is shifting towards emerging markets. This megatrend—a global trend with sustained impacts—is profoundly influencing everyday life, society, and business. globalization has lifted many developing economies—most have seen expanding industrial performance and improving standards of living, particularly so in emerging economies.  The emergence of a sizeable, aspirational middle class, particularly in China, has made it an important destination for global companies. Indisputably, trends can change. Still, presently, we continue to expect emerging markets to offer significant growth potential for domestic and multinational firms. Hence, understanding international business activities, flows,  relationships requires understanding the economic power shifting to emerging economies. Key analytics include who they are, how they grow, the corresponding opportunities and…

Answer please questions!

The concept of _________ __________ was introduced by economist David Ricardo, and it posits that, because each state differs in its ability to produce specific products, each state should produce and export that which it can produce most efficiently and import goods that other states can produce more efficiently.