1. The adoption of a systems-analysis perspective in the case of the Thai GPI did not affect the GPI value that was estimated. However, because it placed the various GPI items into various domains, it probably improved the policy-guiding value of the GPI study. Group of answer choices True False 2. In the early-1990s, Vietnam’s per capita GDP and per capita GPI both rose together. After 1996, the Vietnam’s per capita GDP continued to rise but its per capita GPI plateaued. On the surface at least, this suggests that the nexus between per capita GDP and the per capita GPI was severed in Vietnam. Group of answer choices True False 3. In the case of Japan, calculating an ‘open economy’ GPI would be superior to calculating the standard GPI because: Group of answer choices Japan has a very open economy. many of the environmental costs associated with Japan’s production of goods and services are borne by countries which export natural resources to Japan. Japan has come close to reaching its optimal macroeconomic scale, if it hasn’t already exceeded it. Japan is a net-exporter of goods and services to the rest of the world.
1. The adoption of a systems-analysis perspective in the case of the Thai GPI did not affect the GPI value that was estimated. However, because it placed the various GPI items into various domains, it probably improved the policy-guiding value of the GPI study. Group of answer choices True False 2. In the early-1990s, Vietnam’s per capita GDP and per capita GPI both rose together. After 1996, the Vietnam’s per capita GDP continued to rise but its per capita GPI plateaued. On the surface at least, this suggests that the nexus between per capita GDP and the per capita GPI was severed in Vietnam. Group of answer choices True False 3. In the case of Japan, calculating an ‘open economy’ GPI would be superior to calculating the standard GPI because: Group of answer choices Japan has a very open economy. many of the environmental costs associated with Japan’s production of goods and services are borne by countries which export natural resources to Japan. Japan has come close to reaching its optimal macroeconomic scale, if it hasn’t already exceeded it. Japan is a net-exporter of goods and services to the rest of the world.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
1. The adoption of a systems-analysis perspective in the case of the Thai GPI did not affect the GPI value that was estimated. However, because it placed the various GPI items into various domains, it probably improved the policy-guiding value of the GPI study.
Group of answer choices
- True
- False
2. In the early-1990s, Vietnam’s per capita
Group of answer choices
- True
- False
3. In the case of Japan, calculating an ‘open economy’ GPI would be superior to calculating the standard GPI because:
Group of answer choices
- Japan has a very open economy.
- many of the environmental costs associated with Japan’s production of goods and services are borne by countries which export natural resources to Japan.
- Japan has come close to reaching its optimal
macroeconomic scale, if it hasn’t already exceeded it. - Japan is a net-exporter of goods and services to the rest of the world.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education