The following table shows economic data for two countries. Currency used Currency exchange to U.S. $ Population Size of workforce GDP PPP conversion Country A Rupee 1 rupee = $0.85 250 million 200 million 10 trillion rupee $1 per 0.80 rupee Country B Yen 1 yen = $1.05 250 million 180 million 10 trillion yen $1 per 1.10 yen The GDP per capita in Country A adjusted for purchasing power parity (PPP) is equal to OA. $34,000 OB. $50,000 OC. $53,125 D. $27,200

The following table shows economic data for two countries. Currency used Currency exchange to U.S. $ Population Size of workforce GDP PPP conversion Country A Rupee 1 rupee = $0.85 250 million 200 million 10 trillion rupee $1 per 0.80 rupee Country B Yen 1 yen = $1.05 250 million 180 million 10 trillion yen $1 per 1.10 yen The GDP per capita in Country A adjusted for purchasing power parity (PPP) is equal to OA. $34,000 OB. $50,000 OC. $53,125 D. $27,200

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 32P: In 1980, Denmark had a GDP of 70 billion (measured in U.S. dollars} and a population of 5.1 million....

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