Which of the Following Is the Gravity Equation Calculation

question 62

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

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Definitions:

Exterior Boundaries

Designates the outer limits or edges of a property, geographic area, or political jurisdiction.

Center of the Earth

The central point within the Earth, which is theoretically at the intersection of the planet's axis of rotation.

Takings Clause

A provision in the Fifth Amendment to the U.S. Constitution that requires the government to provide just compensation when it takes private property for public use.

Just Compensation

A principle requiring that if private property is taken for public use, the owner must be fairly compensated.