EBK ECONOMICS TODAY
EBK ECONOMICS TODAY
18th Edition
ISBN: 9780133920116
Author: Miller
Publisher: YUZU
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Chapter 8, Problem 2CTQ
To determine

The ways in which the purchasing power parities allow the global price comparisons is to be determined.

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What is the per capita real GDP on Purchasing Power Parity basis in Sri Lanka? What is the trend in this variable? Is the per capita real GDP increasing? Can you find the relevant data for the last couple of years or more?
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.
Compute the ratio of exports to imports for 2020 for each category.
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