question archive Use the following expression for the gravity model and the table's hypothetical data to answer the question below: T ij =0
Use the following expression for the gravity model and the table's hypothetical data to answer the question below: T ij =0
Subject:EconomicsPrice: Bought3
Use the following expression for the gravity model and the table's hypothetical data to answer the question below:
T ij =0.002 × Y i × Y j / Dij.
Country GDP Distance from: Alada Distance from: Belam
Alada $5,000 ------------- 100 km
Belam $20,000 100 km --------
Canson $________ 250 km 250 km
What is the predicted volume of trade between Alada and Belam? $__________ (Enter your response as an integer.)
