1. Define a MSA
A metropolitan statistical area refers to an urbanized area which may be a county or a group of counties containing diverse population of not less than 50000 people. This area is associated with commuting effects, high social and economic integration.
2. Interpret Figure 1 (using descriptions on A3) for growing cities.
The figure shows both the shrinking and the expanding cities in the metropolitan. It shows the was a high peak in respect to the population density was at the peak for the towns at the outskirts of the capital city in 1986.This figure therefore shows the average changes in population of the cities. Panel c demonstrates the different patterns of the growing the changing population density of the growing cities in 2000s.The highest growing cities at this time were at the central region of the metropolitan statistical area. This resulted from the high population.
3. Interpret Figure 1 (using descriptions on A3) for shrinking cities.
Panel D shows huge drops in the population density of areas next to the central business district for the cities which were shrinking at this time. The population was increasing in areas that were fairly far from this area.
4. What happened to population density in growing cities?
The population of the growing cities was on very high note even at the areas next to the central business unit. Growth was moderate at some parts of the city but the trend was generally rising.
5. How do cities maintain their urban productivity advantage?
This has been a source of economic benefits in terms of the market for the products as well as source of labor to the cities.6. What is sharing?This refers to the spread of the cost of the expensive things over many individuals.Itmay also refers to the act of businesses having the resources close to their premises.
7. What makes cities look attractive?Most of cities are attractive due to good housing facilities, water services and availability of job opportunities in towns.8. What is the city relationship between city growth and educational level?The level of education goes hand in hand with the increase in level of development. Education is therefore a necessary tool for the growth of the cities.B. Charting the YearUsing the charts find the:9. Biggest increase in ten year government bond yields - (1).
The biggest increase is 24.77%10. Currency that dropped the most - (3). The currency of Ireland is the one that dropped most is the Japanese Yen11. Country that had the biggest reduction in the deficit - (4). Spain is the country which had the biggest reduction in deficit12. Country that had the biggest gain in GDP - (5).China had the biggest increase in GDP13. Country that had the biggest drop in GDP - (5).Spain had the biggest drop in GDP14. What was the range of inflation? - (6)The range of inflation was 815. Who had the strongest capital market? - (7)16. What happened to gold? - (8)The use US capital market is the strongest where a share sold at 11017. What happened to oil? - (8)18. Interpret Chart 9.
Oil has undergone very high booms and at times very high recessionD. An Exuberance of Irrational Investing
19. What is the argument?
The argument was that America is still the leading economic power. A study had to be conducted drawing respondents from both America and China because some argued that it is China rather than America that is the leading economic power. Some of the respondents where for the America while others were for China.
20. Define economic power.
This a condition where a country have the productive resources at its command and therefore giving it the capacity to formulate and also enforce a variety of economic decisions for instance, allocation of resources and apportioning of goods and services. Of goods and services.
21. When will China pass the U.S. in GDP?
A study conducted by International Monetary Fund revealed that 0China’s GDP will surpass that of America’s in 2016 if measured on the purchasing power parity basis a measure that adjust for the fact that the prices are lower in poorer countries. America will be eclipsed when China’s GDP outsrips it in terms of dollars, converted in the market exchange rates of that time.
22. How do GDP growth rates compare?
In 2000 the America’s GDP was eight times that of China but this gap has reduced greatly and it is estimated that by 2011 the America’s GDP was twice that of China. A possible estimation done by the economists projects that over the next decade 7.75% in China and 2.5% in America and drawing from the last year’s statistics it seems that China’s GDP is even growing more than expected.
23. How does GDP per person compare?
Though China is estimated to be the world’s biggest economist, Americans still leads with a GDP per head four times that in China. However, one important point to note is that most rich Chinese tare secretive and would not want to declare their wealth therefore it in the statistics would not be possible.
All the World’s a Game
24. According to PWC, how big is the global video game?
According to Pricewater Coopers a firm specialized in consultation, the video game market was worth $56 last year. This is more than halof of the recorded music industry which is a quater more than the size of magazine business. It further projects that video games shall be the vfastest growing form of media in the next few years with estimated sales of $85 billio by 2015.
25. Describe “who plays.”
This statement basically highlights the age group or sex with the highest percentage of people who play video games. The group with the highest number of video game players
26. What is significant about December 3, 1994?
December 3rd 1994 is the time when gaming started to move from niche to mainstream. It was in the same period that Sony, a Japanese based company formally launched a PlayStation console. The focus then shifted from children and teenagers to people of all ages.
27. What product targeted women and families?
Nintendo’s Wii console is a product that was launched in 2006 targeting women, families and those people who had never played video games before. It was specifically tailored to become user friendly and focusing on areas like fitness, sports and puzzles.
28. What is a “punter”?
This is the name given to a player of a video game called Baccarat. It may also 7refer to a gambler, a person who is ready to risk losing his or her money or may also gain from the same. Therefore it is a win or lose situation.
29. Give an example of a game made by a small start-up.
“Angry Birds” is an example of games played in small setups such as mobile phones. The game was released in 2009 by a Finnish firm called Rovio mobile that had only 55 employees.
30. Interpret Chart 1 on C4.
Chart 1 accounts for more than half of the 100 most popular applications of iPhone in the year 2010 and it makes up the chunk for other known software market for other forms of smartphone. It is expected that the market for such applications will grow five times more than last year’s 7$billion.
31. Interpret Chart 2 on C4.
Out of the 100 popularly known applications released in 2010 different brands of phones have different percentages of free and paid applications.ipones have an equal share of free and paid applications while others have varied share.
32.What is the strategy behind “Lord of the Rings” online?
This strategy allows the players to live in an online version of J.R.R Tolkien’s Fantasy World. When it was released the spent a lot of money in the form of turbine points.
33. What is the trend in E-sports?
The demand for e-sport has been on the rise over the last few decades more especially because of its convenience and ability to solve some health problems. In the past it used to be majorly for the teens and children but the trend has changed tremendously to include even the adults.
34. What is the tie between violent crime and video game sales?
Most of the video games involve people who engage in criminal activities for instance, the player has the power to access guns or other tools and be able to kill other people along the street. Such a mentality enters a person’s mind, when one gets the real gun the chances of committing crime while using the same principles are high.
35. example of how games help in business;
Games can be used as a form of advertisement where the player uses the p36. products of a certain company.
36. An example of how games help in business;
Through sale of video games application individuals and companies are able to make money and therefore boosting the economic industry.
36 What is “Riepl’s law”?
Riepl’s law states playing a game is important ingredient for a quality and it is important to have different games to solve the issue of monotony and encourage diversity.
37. What is the main reason games are different?
Games are usually different because they have different objectives for instance, some are meant for educational purposes, others are for sport, others for entertainment among other purposes.
39. What are you assuming when you chase a trend financially?
I assume that the factors that caused that led to situations which formed the trend are constant and are known.40. What is to historically like about equities?Equities have given large premiums and bonds41. Where are U.S. investors still cautious?They are still cautious on their investment in stock markets to the economic crisis that faced the country for long42. What should be our plan for our 80’s?E. Mobility Impaired43. What is the definition of absolute mobility?This involves the assessment of whether children would behave the same like their parents if they have money or put at the same situation bearing in mind the fact that the cost of living has risen..44. What also needs to be taken into consideration?It should also be taken into account that the cost of living has gone up45. What is relative mobility?This relates to the economic condition that even if the income has gone up now but in real economic terms people who had a lower monetary income at that time could just afford that life.46. What is significant about 40%?The fact that they are associated with low skill jobs as well as status of wealth.47. What is the impact of picking the right parents?They will give you a strong financial background and experience in relation to the economic issues.48. In what regard is the American mobility exceptional?It is exceptional to situations where people are from different countries with different economic levels49. What is the true American percentage of people stuck at the bottom?
The true percentage is that 20% are stucked up at the back
