Homework Answers
Pls see table below for answers and calculations.
| Country G | Country B | |
| Population | 27499924 | 11138234 |
| Official exchange rate (currency per USD) | 4.79 | 6.91 |
| Nominal GDP (billion of local currency) | 217.75 | 261.06 |
| Price Index | 120 | 110 |
| a. RGDP per capita in local currency | 6,598.50 | 21,307.44 |
| (Nominal GDP *100 * 1billion / (Price Index * Population) | ||
| b. RGDP per capita in USD using officlal exchange rate | 1,377.56 | 3,083.57 |
| (Nominal GDP *100 * 1billion / (Price Index * Population * Official exchange rate) | ||
| c. RGDP per capita in USD using cost of basket | 2,749.38 | 4,734.99 |
| (Nominal GDP *100 * 1billion / (Price Index * Population * basket exchange rate) | ||
| Basket exchange rate | 2.4 | 4.5 |
| 840 / 350 | 1575 / 350 |
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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.
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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I need help to solve this question, from A to E. thank you
Question l Consider a world with two commodities: smartphones, which are traded internationally, and ice cream, which is not Country Smartphones Ice Cream Price of Price of Produced per Capita Produced Smartphones in Ice Cream in per Capita Local Currency Local Currency 25 15 10 Using the information given in the table, answer the following: a) Calculate the GDP per capita in each country in the local...
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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Question 3 (25 points) The table below summarizes the information on the price of a Samsung Galaxy Tablet in the United States, Canada, Mexico, and Brazil; and the exchange rate between the US dollar and the currency of each of the other 3 countries on November 17, 2019. Country Price of a compact car in domestic currency Exchange rate (unit of foreign currency per US dollar United States 379.99 U.S. Dollar Canada 501.59 Canadian Dollar Mexico 5,390.28 Mexican Peso 1.32...
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