Country A has a GDP of $6,800 in Country A dollars, and Country B has a...
Country A has a GDP of $6,800 in Country A dollars, and Country B has a GDP of $4,200 in Country B dollars. If the exchange rate is 0.75 Country B dollar to 1 Country A dollar, what is Country B's GDP in Country A dollars?
Homework Answers
Country B's GDP in Country A dollars = 4200 * (1/.75)
Country B's GDP in Country A dollars = $5600
So, Country B's GDP in Country A dollars is $5600.
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