SOLVED: We have an imaginary system with planets: Alderaan, Bespin, Coruscant, Dagobah, and Endor, with shares of system spending given by 12%, 24%, 55%, 3%, and 6%, respectively. The system's GDP is $10 trillion. Calculate: (a) Their respective outputs; and (b) The values of their exports to each other. Demonstrate that a form of the gravity model holds for this example. Other than economic size, what are two other factors that seem to play a very important role in determining trade volumes? (Y
SOLVED: We have an imaginary system with planets: Alderaan, Be…
Dec 31, 2022
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