International economic relations, Scient. work

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Uploaded: 03.02.2012
Content: 20203135533920.doc (126 kB)

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Situation 1.
In an open economy gross income is measured by two indicators: gross national product (GNP) and gross domestic product (GDP). Consider the following income from economic activities in terms of their inclusion in the GDP or GNP, and fill in the table. If Y is meant for GNP, which of the following table is included in the net export of the United States?
Situation 2.
In India, the land is relatively abundant factor of production, and capital - relatively scarce. Compare the effect on the income level of land owners and owners of capital growth outstripping the supply of land in cases where:
a) India is not involved in international trade;
b) India is developing free trade with other countries.
How will your answers to these two questions, if the proposal is growing faster pace of capital?

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