Multiple Choice
Which of the following is the gravity equation calculation?
A) the inverse of the average GDPs times transportation costs
B) the sum of GDPs times total exports
C) the product of the GDPs in two nations divided by a measure of the distance between them times a constant, reflecting other factors affecting trade
D) the product of the land mass of the two nations divided by the average of their GDPs times a constant factor, reflecting other factors affecting trade
Correct Answer:
Verified
Correct Answer:
Verified
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