Question

The following four questions draw on the following information for Colombia and Thailand, based on the 2002 World Development Report Population Population Poverty Gap at Per Capita GDP elow $1 Day PPP elow $1 DayGini PPP(%) Index Per Capita National GDP (S)(PPPŞ)Poverty Line Colombia Thailand 2080 2010 5890 6330 17.7 13.1 11.0 <2 3.2 < 0.5 57.1 41.4

In which country are non-tradeable goods and services more expensive and why?

Answer 1

In Thailand because it is my re developed of the two countries and non traded goods are usually costly in developed countries and cheap in poor countries