antmorbel antmorbel

16-01-2023
Mathematics

Answered

2. (5 Minutes) Use the following expression for the gravity model and the table's
hypothetical data to answer the questions below:
Yi x Yj
Tij = 0.001 x
Dij
Distance from:
Alada
Country
Alada
Belam
Canson
a. 50,000
b. 25,000
GDP
$10,000
$20,000
$
c. 100,000
d. 40,000
100 km
250 km
If the trade volume between Alada and Canson equals to the trade volume between Alada
and Belam, what is the expected GDP for Canson?
Explain your answer:
Distance from:
Belam
100 km
100 km

Answer :

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