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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![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
B. $50,000
OC. $53,125
D. $27,200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F218ad2d4-88bb-44eb-9f84-63e4e4f64f12%2Ffcc92d12-8671-4509-b652-6a0748b7b28a%2Fx5gpt2i_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
B. $50,000
OC. $53,125
D. $27,200
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