Homework Answers
PPP-adjusted GDP formula=GDP/(1+price level)
1)
PPP-adjusted GDP (Ona)=GDP/(1+price level)=10000/(1+6%)=9434
2)
PPP-adjusted GDP (Rye)=GDP/(1+price level)=12700/(1-27%)=17397
3)
PPP-adjusted GDP (Zolfo)=GDP/(1+price level)=14100/(1-10%)=15667
4)
PPP-adjusted GDP (Avon)=GDP/(1+price level)=23400/(1+20%)=19500
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Calculate the PPP-adjusted GDP for each of the four countries using the information found in the...
Calculate the PPP-adjusted GDP for each of the four countries, using the information found in the...
Calculate the PPP-adjusted GDP for each of the four countries, using the information found in the table below. Instructions: Round your answers to the nearest dollar. Country GDP ($) Price level (%) PPP-adjusted GDP Ona 12,000 5 Rye 12,800 -26 Zolfo 14,000 -9 Avon 23,300 22
The following table lists 2012 GDP per capita for four countries. The data are given in...
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It says one or more of my answers are wrong. The following table lists 2012 GDP...
It says one or more of my answers are
wrong.
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The following table lists 2012 GDP per capita for four countries. The data are given in the national currencies of the countries. It also lists the price of a Big Mac in local currency in each country in 2012. The price of a Big Mac in the United States in 2012 was $4.10. Using the Big Mac as a representative commodity common to the countries, calculato the purchasing power parity (PPP-adjustment factor for each country (S/units of foreign currency), and...
It says one or more of my answers are
wrong.
The following table lists 2012 GDP per capita for four countries. The data are given in the national currencies of the countries. It also lists the price of a Big Mac in local currency in each country in 2012. The price of a Big Mac in the United States in 2012 was $4.10. Using the Big Mac as a representative commodity common to the countries, calculate the purchasing power parity...
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