Given the following:  The population of a country is 4.2 million.  The GNP in million $ is 6132.  In the local currency (the sucres S) the per capita income is 159140 S. Calculate the exchange rate for this situation.

Given the following:  The population of a country is 4.2 million.  The GNP in million $ is 6132.  In the local currency (the sucres S) the per capita income is 159140 S. Calculate the exchange rate for this situation.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Given the following:

 The population of a country is 4.2 million.

 The GNP in million $ is 6132.

 In the local currency (the sucres S) the per capita income

is 159140 S.

Calculate the exchange rate for this situation.

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