nominal GDP in Canada and Mexico in 2021:Canada nominal GDP (billions of CAD)2120Mexico nominal GDP (billions of MXN)24080Exchange rate: USD per CAD0.79Exchange rate: USD per MXN0.049PCanada/PMexico2.5Making the comparison of the two economies the right__ times the size ofway, Mexico's economy isCanada's economy. (Round up to the second decimalplace)

Answered: hominal GDP in Canada and Mexico in…

hominal GDP in Canada and Mexico in 2021: Canada nominal GDP (billions of CAD) 2120 Mexico nominal GDP (billions of MXN) 24080 Exchange rate: USD per CAD 0.79 Exchange rate: USD per MXN 0.049

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

nominal GDP in Canada and Mexico in 2021:
Canada nominal GDP (billions of CAD)
2120
Mexico nominal GDP (billions of MXN)
24080
Exchange rate: USD per CAD
0.79
Exchange rate: USD per MXN
0.049
PCanada/PMexico
2.5
Making the comparison of the two economies the right
__ times the size of
way, Mexico's economy is
Canada's economy. (Round up to the second decimal
place)

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