What is the ratio of Indian GDP to U.S. GDP if we don’t take intoaccount the diferences in relative prices and simply use the exchange rateto make the conversion?
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What is the ratio of Indian
account the diferences in relative
to make the conversion?
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- The Czech Republic has 3 GDP of 1,800 billion koruny. The exchange rate is 25 koruny/U.S. dollar. The Czech population is 20 million. What is the GDP per capita of the Czech Republic expressed in U.S. dollars?Would you usually expect GDP as measured by what is demanded to be greater than GDP measured by what is supplied, or the reverse?Suppose we compare GDP per person in Botswana and the United States in two ways: first using the nominal exchange rate and then again using the relative price-based conversion. The GDP per person in Botswana calculated using the exchange rate method is $800 while that calculated using the relative price-based conversion is $1,000. What is the relative price ratio between Botswana and the U.S. (i.e., the price level for Botswana relative to the United States)? Round your answer to the nearest two-decimal digit number. For instance, if your numerical answer is 1.458, enter 1.46 in the space below. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
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