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 |
Homework Answers
PPP-adjusted GDP = GDP*(1/(100%+Price level)
Ona PPP-adjusted GDP = 12000*(1/(100%+5%)) = 12000/(1.07) = $ 11428.57
Rye PPP-adjusted GDP = 12800*(1/(100%-26%)) = 12800/(0.74) = $ 17297.3
Zolfo PPP-adjusted GDP = 14000*(1/(100%-9%)) = 14000/(0.91) = $ 15384.62
Avon PPP-adjusted GDP = 23300*(1/(100%+22%)) = 23300/(1.22) = $ 19098.36
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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...
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