- 7 3 Points Suppose That The Pppuk Usa 1 5 This Tells Us That 1 In The Uk Has The Same Purchasing Power As 1 5 In 1 (73.15 KiB) Viewed 16 times
7. (3 points) Suppose that the PPPUK, USA 1.5. This tells us that £1 in the UK has the same purchasing power as $1.5 in
-
answerhappygod
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
7. (3 points) Suppose that the PPPUK, USA 1.5. This tells us that £1 in the UK has the same purchasing power as $1.5 in
7. (3 points) Suppose that the PPPUK, USA 1.5. This tells us that £1 in the UK has the same purchasing power as $1.5 in the USA. Suppose further that the GDP of the USA is $30,000. What is the PPP-adjusted value of the USA's GDP (in terms of £)? (a) £20,000 (b) £30,000 (c) £45,000 (d) There is not enough information to answer the question. =