Even though a nation’s GDP is small, if a small percentage of its population received a...

Even though a nation’s GDP is small, if a small percentage of its population received a large percentage of that income:

it may be a good market for high-priced industrial products.
it may be a good market for high-volume, low-priced consumer products.
it may be a good market for low-volume, high-priced luxury products.
B and C.

Expert Solution

Option C is correct

That is It may be a good market for low-volume, high-priced luxury products.

Small GDP implies that goods market has low volume means low production of goods.

Small proportion earning high income means that the goods produced have Luxury value which are high priced goods ,affordable by some people only .

Rahul Sunny answered 2 years ago

Changes in the value of a nation’s currency affect the nation’s net exports, and thus GDP....

Changes in the value of a nation’s currency affect the nation’s net exports, and thus GDP. How might this make a large country, like the US, more willingly to adopt a flexible exchange rate regime than a small country, like Belgium.

Why is a population the smallest possible unit of evolution, even though natural selection tends to...

Why is a population the smallest possible unit of evolution, even though natural selection tends to act on individuals, not populations?

Even though the population standard deviation is unknown, an investigator uses z rather than the more...

Even though the population standard deviation is unknown, an investigator uses z rather than the more appropriate t to test a hypothesis at the .05 level of significance. (a) Is the true level of significance larger or smaller than .05? (b) Is the true critical value larger or smaller than that for the critical z?

2. Consumption spending is a large percentage of GDP in the United States. The ageing population...

2. Consumption spending is a large percentage of GDP in the United States. The ageing population is a demographic certainty. Explain how ageing demographics in the U.S. will affect the economy for each of the two views discussed below. a. Using key macroeconomic measurements and models explain how ageing demographics traditionally has already affected several economies (such as Japan and Europe. b. Now explain how ageing demographics will affect U.S. consumers and U.S. consumers and U.S. businesses if older people...

even though a Jovian planet is close to its star, its interior temperature is cool. explain...

even though a Jovian planet is close to its star, its interior temperature is cool. explain what this tells me about the planet's mass.

why is it problematic that the US spends such a high percentage of its GDP on...

why is it problematic that the US spends such a high percentage of its GDP on medical care? Alternatively, why could we spend substantially more without ill effect?

Outline and explain the critique of GDP as a measure of a nation’s standard of living.

Dedrick Inc. did not pay dividends in 2018 or 2019, even though 43,000 shares of its...

Dedrick Inc. did not pay dividends in 2018 or 2019, even though 43,000 shares of its 8.0% stock, $70 par value cumulative stock were outstanding during those years. The company has 230,000 shares of $2 par value common stock outstanding. Required: a. Calculate the annual dividend per share obligation on the preferred stock (Round to 2 decimal places) b. Calculate the amount that would be received by an investor who has owned 190 of preferred stock and 450 shares of...

Part 1 - Warby Parker started its business selling eyewear on line only, even though the...

Part 1 - Warby Parker started its business selling eyewear on line only, even though the majority of glasses (to include sunglasses) in the country are sold through bricks-and-mortar. What are the advantages of this? What are the disadvantages? Would you buy/have you ever bought eyewear on line? Would the Warby Parker home-try-on option appeal to you? Please share your experience/thoughts. Part 2 - What do you look for when purchasing fashion eye wear and how important is the brand...

Population percentage Problem

Out of a world population of approximately 6.6 billion, 1.2 billion people live in the richer countries of Europe, North America, Japan and Oceania and is growing at the rate of 0.25% per year, while the other 5.4 billion people live in the lees developed countries and is growing at the rate of 1.5%. What will be the world population in 5 years if we assume that these rates of increase will stay constant for the next 5 years.

Question