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Demonstrate that a form of the gravity model

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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. System 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? (You may assume interplanetary travel is possible)

Reference no: EM133082628

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