Question

se the IMF’s World Economic Outlook Database (the most recent version) to choose any developing country. State the country, and how you determined that is developing (you must be specific, and ensure you are defining developing the same way the World Bank does). The IMF’s World Economic Outlook Database can be found on the IMF’s website – www.imf.org.

Using the IMF World Economic Outlook Database (most recent – April 2018), find the following: (1) 2017 GDP per capita in current prices (in the country’s national currency). State the per capita GDP and state the currency units (e.g. 175,000 Thailand Baht per person), (2) 2017 GDP per capita in current prices (in U.S. dollars). State the per capita GDP as $ per person (e.g. $5,000 per person)., (3) 2017 GDP per capita based on a PPP exchange rate (in dollars). State the per capita income as $ per person (e.g. $9,000 per person)

Please help ill rate nicely

Answer 1

Considering data from IMF Official website the GDP per capita for India in April 2018 stands at 8440 INR per person.

If we convert this into dollars using exchange rate, 1USD=68R INR

Then, GDP per capita in Dollar terms is 124.3 dollars per person.

Now purchasing power parity ratio of US and India is 1USD=17.12 INR

Thus, GDP per capita in terms of PPP is 493 dollar per person.