The following table lists 2012 GDP per capita for four countries. The data are given in the national currencies of the countries. It also lists the price of a Big Mac in local currency in eachcountry in 2012. The price of a Big Mac in the United States in 2012 was $4.10.Using the Big Mac as a representative commodity common to the countries, calculate the purchasing power parity (PPP)-adjustment factor for each country, and then the PPP level ofGDP per capita in each country. (Round your responses for the PPP-adjustment factor to three decimal places and round PPP GDP per capita to the nearest integer.)2012 GDPper Capita2012 Big MacPricePurchasing PowerParity (PPP)-Adjustment FactorPPP Level ofGDP per CapitaNorway (krone)Poland (zloty)579,16241 krone41,3989.1 zlotyTurkey (Turkish lira)19,5806.6 Turkish liraUnited Kingdom (British pound)24,7402.49 poundsAFARI

Purchasing power parity (PPP) is the rate at which the currency of one country has to be converted…

Answered: The following table lists 2012 GDP per…

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter17: Growth And Less Developed Countries

Section: Chapter Questions

Problem 2SQP

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Suppose we compare GDP per person in Botswana and the United States in two ways: first using the nominal exchange rate and then again using the relative price-based conversion. The GDP per person in Botswana calculated using the exchange rate method is $800 while that calculated using the relative price-based conversion is $1,000. What is the relative price ratio between Botswana and the U.S. (i.e., the price level for Botswana relative to the United States)? Round your answer to the nearest two-decimal digit number. For instance, if your numerical answer is 1.458, enter 1.46 in the space below. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Calculate trade-to-GDP for both case and define what does the trade-to-GDP ratio measure. Compare the results for two countries and discuss if a low value indicate that a country is closed to trade with the outside world. Import (current USD, bln) 380.1 Export (current USD, bln 466.3 917.9 GDP (current USD, bln) 705.1 4,954.8 Switzerland Japan 906.3
The following table gives categories for income and expenditures for a representative country: Net exports of goods and services Net interest paid by business Government purchases of goods and services Gross private domestic investment Taxes unrelated to incomes net of subsidies - 600 480 1,800 2,400 480 Rental income of individuals plus implicit rent on owner-occupied housing Wages, salaries, employee compensation Personal consumption expenses Depreciation Proprietorial income Corporate profits 240 7,200 8,400 960 1,200 1,440 Use the data in the table to calculate Gross Domestic Income (GDI) for this country. GDI is equal to $
What are the principal imports, principal exports, gross national product, chief of state, major cities and population, principal agricultural crop, and major companies in the country of Brazil,10 years prior to the current available data? Which US company do you recommend to enter Brazil's market and why?
In a hypothetical world, between last year and this year, the CPI in Mexico rose from 100 to 115 and the CPI in China rose from 90 to 105. Mexico's currency unit, the Peso(MXN), was worth 8.85(MXN) per Canadian dollar last year and is worth 8.8(MXN) per Canadian dollar this year. China's currency unit, the Yuan(CNY), was worth 6.77(CNY) per Canadian dollar last year and is worth 6.64(CNY) per Canadian dollar this year. a) Find the percentage change from last year to this year in Mexico's nominal exchange rate with China (measured as # of Pesos/1 China Yuan). NOTE: Please keep as much precision as possible throughout your calculations and round off your final answer to two decimal places. Percentage change = 0% b) Find the percentage change from last year to this year in Mexico's real exchange rate with China. Again, assume that we are measuring the nominal exchange rate portion as the # of Pesos/1 China Yuan. NOTE: Please keep as much precision as possible throughout your calculations…
The following table presents the exports and imports of a country in three categories for the years 2005 and 2010. Categorie Exports (millions $) Imports (millions in $) 2000 2010 2000 2010 Agriculture 51,296 70,912 39,186 65,459 Manufacture 625,894 785,599 1,012,855 1,416,302 Minery 13,479 34,711 135,367 332,500 Construct four matrices, one for each column of the table, whose dimension is 3 x 1. Use two of these matrices to determine matrix E, which will represent the trade balance for the year 2000 and matrix B, which will represent the trade balance for the year 2010. Apply the concepts of matrix algebra to determine the matrix E - F, which will compare both years. Apply the properties of the matrices to determine if the trade balance from…
India has a GDP of 23,000 billion Indian rupees, and a population of 1.1 billion. The exchange rate is 50 rupees per U.S. dollar. Calculate the GDP per capita of India as measured in U.S. dollars.
Suppose that Poland had exports of $100 billion in 2014 and imports of $150 billion. What were its net capital flows in that year? Give two examples of transactions that are part of the net capital flows of Poland, and indicate whether they enter the sum as positive numbers or negative numbers.
Compute the ratio of exports to imports for 2020 for each category.
The Consumer Price Index: Reflects the prices of all goods and services produced domestically Reflects the prices of all final goods and services produced domestically Reflects the prices of all goods and services bought by consumers in a foreign country Reflects the prices of all goods and services bought by consumers in the domestic country
Suppose India has a GDP of 196 trillion Indian rupees, and a population of 1.3 billion. The exchange rate is 75 rupees per U.S. dollar. Calculate the GDP per capita of India as measured in U.S. dollars.
Given the above graph, what are the imports and exports for this country? a- It imports 25 computers and exports 275 shoes b- It exports 25 computers and imports 275 shoes c- It imports 125 computes and exports 350 shoes d- It exports 125 computes and imports 350 shoes

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