Question 3 (4 points) Let country A's price level be 100. Let country B's price level be 110. the GDP of country A is 10
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
Question 3 (4 points) Let country A's price level be 100. Let country B's price level be 110. the GDP of country A is 10
Question 3 (4 points) Let country A's price level be 100. Let country B's price level be 110. the GDP of country A is 105,000 A-dollars and the GDP of country B is 100,000 B-dollars. The exchange rate between the two countries is 1.45 A-dollars per B-dollar. What is the GDP of country A, expressed in PPP, using country B as a reference country? Your Answer: Answer