Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Answer your friend who claims that;
Do you agree/disagree with these statements,explain your reason.
1) housing boom in Japan is unbelievable due to its declining population (Table 3).
2) The condominium
The condominium prices
3)are similar to those in other property types (Table 1) and
4)do not change largely regionally across Japan (Table 2).
5) population changes do have similar effects on house prices in large cities and rural areas in Japan.
Transcribed Image Text:2015 2018 Table 2:
2012 2016 Table 3:
Changes in
of
Table 1:
2012
1997 2005
2013
Japan:
Residential
Condo.
Prices
Rate
Property Price
(2010=100)
Net
Index
Migration
(2010=100)
101 Osaka
with
Residential
100
100
130
174
Fukuoka
0.6
0.3
Land
suburbs
Residential
100
104
110 Hokkaido
115
154
Tokyo
0.8
0.7
0.6
Property
Area
Condominiums
104
120
140
124
Japan
Average
100
Osaka
0.6
0.2
-0.2
Area
Nagoya
0.5
0.4
Area
Rest of
-0.3
-0.5
Jaрan
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