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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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
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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