Why inaccurate trade statistics cause problems

Assignment Help Macroeconomics
Reference no: EM131138357

" As goods and services cross borders several times at different stages of processing, conventional trade statistic may not tell whole story"

1. When Gurria refers to " conventional trade statistic, he means statistics that have:

• historically been provided only to government analyst.

• been used only by the Organization for Economic Cooperation and Development.

• only been made available to the World Bark.

• historically been publically available and commonly used.

2. Conventional trade statistics may no longer be as reliable as they once were because:

• the U.S. government has assumed responsibly for the trade statistics.

• the Organization for Economic Cooperation and Development has changed constituency several times.

• once goods and services cross borders several times, double counting may occur.

• countries could be providing fraudulent information.

3. Inaccurate trade statistics cause problems because they:

• make it less difficult to evaluate the revenue of tariffs.

• create inconsistencies when planning trade wars.

• reduce the accuracy of export and import nformation.

• make it less difficult to establish quotas.

Reference no: EM131138357

Questions Cloud

What volume of output would two locations have total cost : A small producer of machine tools wants to move to a larger building, and has identified two alternatives. Location A has annual fixed costs of $125,000 and variable costs of $16,000 per unit; location B has annual fixed costs of $325,000 and variabl..
Employment is made to the applicants of private sector : Suppose that before any offer of employment is made to the applicants of a private sector, non-unionized employer with more than 20 employees, the applicants are (1) provided a written copy of the employer’s mandatory arbitration policy, which must b..
Create a cross-tabulation table with health status : Create a cross-tabulation (pivot) table with health status in row and physical activity status in column (polish a table as much as possible, that is, add labels and titles properly). The number in each cell should be % of grand total
What knowledge management tools does organization utilize : What personal knowledge management tools does this organization utilize? What steps has this organization taken in securing their information and knowledge?
Why inaccurate trade statistics cause problems : Conventional trade statistics may no longer be as reliable as they once were because:- Inaccurate trade statistics cause problems because they:
What option strategy could you follow in order to make money : What option strategy could you follow in order to make money if Merck shares rise OR fall by a significant amount - Calculate the out-of-pocket cost today of the alternative strategy you described in part (c)
What''s interesting or helpful about this view : Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
Explain some information systems in other countries : Explain some of the differences in information systems in other countries and the effect those differences have on business relationships. 200 word minimum.
Analyze the fundamental manner : Rank the four (4) broad categories of barriers to health information technology that are discussed in the textbook from the greatest to the least. Next, identify at least one (1) additional barrier that is not discussed in the textbook, and sugges..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd