What Indian and US data would you need to compare Indian and US per capita income...
What Indian and US data would you need to compare Indian and US per capita income using PPP? How would you use this data?
Homework Answers
To compare Indian and US per capita income using PPP we need many data such as GDP and Total population, to calculate per capita GDP and other datas like prices of different goods (a common bundle) in both the countries to calculate the PPP exchange rate.
Firstly we will divide the GDP of both the countries with their respective population to get per capita income and then this per capita income is converted to dollar using the PPP exchange rate, the unit derived will be called as international dollars. This will show the purchasing power of Indian income in terms of the prices that prevails in the US. So now if we compare the per capita income of the two countries then it will be real comparison and will show original conditions prevailing in these two countries.
Add Answer to:
What Indian and US data would you need to compare Indian and US
per capita income...
Need help, please show work Country A has a per capita income of $4,000 per year...
Need help, please show work
Country A has a per capita income of $4,000 per year and Country B has a per capita income of S40.000 per year. Assume Country A's per capita income grows at a rate of 5% per year and Country B's per capita income grows at a rate of 290 per year How many times larger is Country B's income per capita today? 10 times larger How many times larger will Country B's income per capita...
4. The price and average per capita consumption per year of a food-bundle and transportation of...
4. The price and average per capita consumption per year of a food-bundle and transportation of the same quality in Russia and US are Food-bundle P Q Transportation RESP Russia 40,000 rubles 1 300,000 rubles 1/15 The US $10,000 $10,000 a) Compute Russia and US per capita consumption in rubles and dollars, respectively. b) Assuming $1-30 rubles exchange rate, convert Russia's per capita consumption from rubles to dollars. c) Using PPP, i.e., the same prices in the two countries, and...
The following table lists 2012 GDP per capita for four countries. The data are given in...
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...
2)GDP per capita: a)is an average income per person in an economy. b)tells us about how...
2)GDP per capita: a)is an average income per person in an economy. b)tells us about how the output is allocated in an economy. c)tells us about what you can buy with a given amount of money in that country. d)All of these statements are true. 10) Inventory is the stock of goods that a company: Multiple Choice a)produces now but has contractually already sold it. b)produces this year, but keeps to sell them next year. c)produced last year, but had...
When looking at the US our GDP Per Capita is $51,000 and China is $3,750. What...
When looking at the US our GDP Per Capita is $51,000 and China is $3,750. What does this mean about each of the economies and how do you think the US can make that number higher?
1980 per capita 1999 per capita La | income y in $1000) $10005) 27.1 9.7 25.7...
1980 per capita 1999 per capita La | income y in $1000) $10005) 27.1 9.7 25.7 10.2 12.0 29.5 New Meci Louisiana New York Idaho 31.7 Tot it 23.5 23.4 Based on the above information, answer the following: Choose one 1. Fill in the blank: For these data, 1980 per capita incomes that are less than the mean of the 1980 per capita incomes tend to be paired with 1999 per capita incomes that are the mean of the 1999...
How is per capita GDP calculated, and what does it tell us about the economy? Explain?
How is per capita GDP calculated, and what does it tell us about the economy? Explain?
How is per capita GDP calculated, and what does it tell us about the economy? Explain?
How is per capita GDP calculated, and what does it tell us about the economy? Explain?
The real GDP per capita in US is higher than almost all other countries in the...
The real GDP per capita in US is higher than almost all other countries in the world. What do you think may be some major reasons for the US GDP per capita to be higher?
4. The annual per capita consumption of sugar by people in the US is a right...
4. The annual per capita consumption of sugar by people in the US is a right skewed distributed with a mean of 150 pounds a standard deviation of 18.5 pounds. Random samples of size 65 are drawn from this population, and the mean of each sample is determined. (3 pts) a. Using Central Limit Theorem, what would the mean, standard deviation, and shape of the sampling distribution be? b. Now assume that random samples of size 110 are drawn instead....
Need help, please show work
Country A has a per capita income of $4,000 per year and Country B has a per capita income of S40.000 per year. Assume Country A's per capita income grows at a rate of 5% per year and Country B's per capita income grows at a rate of 290 per year How many times larger is Country B's income per capita today? 10 times larger How many times larger will Country B's income per capita...
4. The price and average per capita consumption per year of a food-bundle and transportation of the same quality in Russia and US are Food-bundle P Q Transportation RESP Russia 40,000 rubles 1 300,000 rubles 1/15 The US $10,000 $10,000 a) Compute Russia and US per capita consumption in rubles and dollars, respectively. b) Assuming $1-30 rubles exchange rate, convert Russia's per capita consumption from rubles to dollars. c) Using PPP, i.e., the same prices in the two countries, and...
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...
1980 per capita 1999 per capita La | income y in $1000) $10005) 27.1 9.7 25.7 10.2 12.0 29.5 New Meci Louisiana New York Idaho 31.7 Tot it 23.5 23.4 Based on the above information, answer the following: Choose one 1. Fill in the blank: For these data, 1980 per capita incomes that are less than the mean of the 1980 per capita incomes tend to be paired with 1999 per capita incomes that are the mean of the 1999...
Most questions answered within 3 hours.
-
Write a chemical equation for these reactions. (Use
the lowest possible whole number coefficients.) Include
states-of-matter...
asked 1 hour ago -
For each of the Z-scores below, determine two probabilities
(show four three decimal places): (1) the...
asked 1 hour ago -
Oxidative phosphorylation is achieved through chemiosmotic
coupling, which turns chemical energy into osmotic potential energy
that...
asked 4 hours ago -
Hollywood Shoes would like to maintain their cash account at a
minimum level of $64,000, but...
asked 4 hours ago -
Proteins CtrA-P, DnaA, and GcrA behave similarly to what
molecule in the Eukaryotic Cell Cycle?
asked 4 hours ago -
TRUE OR FALSE
In case of a competitive tender procedure, in the request for
quotation, the...
asked 4 hours ago -
I am a little behind please provide some explanation, will
provide thumbs up.
This question considers...
asked 4 hours ago -
Let say the utility function as U(X,Y) = lnX + Y. Show that the
marginal rate...
asked 4 hours ago -
A current of I=8.0A is flowing in a typical extension cord of
length L=3.00m. The cord...
asked 4 hours ago -
1. When balancing the equation H2SO4 (aq) + NaOH (aq) →
Na2SO4(aq) + H2O(aq), would you...
asked 5 hours ago -
Provide a definition of “classification hierarchy” and
illustrate your definition with an example of how and...
asked 4 hours ago -
1. Describe the four main green solvents. Provide one example of
the use of each solvent....
asked 5 hours ago