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Q: Why does GNP per capita vary so much between countries?
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Is gross domestic product per capita a useful indicator of International competitiveness in the EU?

I would argue that it is not. The major reason for this is that the sizes of domestic markets in the EU vary so widely that it is possible for a country to have a decent GDP per capita even if it is not particularly competitive internationally. For example, France's domestic market is much larger than that of the Eastern European countries that have joined the EU. This means that French companies have had an advantage over Eastern European ones as they have been able to grow without having to export. Right now, France has a higher GDP per capita, but the Eastern European countries are often more competitive internationally because of their low wages. So, I would argue that countries can become rich without being internationally competitive and poor countries can have advantages in international competition. GDP and other indicators, like consumer prices and exchange rates, are all only general indicators that provide only a rough approximation of competitiveness. Tracking indicators like GDP show only "changes in relative competiveness" (Mattine Durand and Claude Giorno). Therefore, GDP per capita is not a major indicator of international competitiveness among EU countries.


How do GDP and standard of living vary between developed and developing nations?

The GDP and standard of living have showed that countries that have done well over the past half-century, such as in South East Asia and some Latin American countries, have all been trade-oriented. The poor countries open to trade are doing better.


How much do buyers make at Target Corp?

The amount buyers make at Target Corporation will vary depending on the amount of work experience. However, a buyer will make between $61,000-$171,000.


Relationship between balance of payments and exchage rate system?

The balance of payments describes the relationship of import, exports, and their payment transactions between countries. How these payments are made and their value is closely related to the exchange rate system. In general, the real rate of exchange between two countries depends on their price levels and these price levels may vary through trade and production. However, nominal exchange rates depend on the level of trade to provide currency because the relative value of currencies depends on how much of one country's currency can be used to buy the currency or products of another. In general, since the balance of payments reflects this relationship of transaction, it directly influences nominal exchange rates and indirectly affects real exchange rates through trade.


How much is 10 pesewas in U.S. money?

Conversion rates vary, but as of today 10 pesewas is worth $0.07 USD.

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