Using Market Exchange Rates rather than PPP Exchange rates... a. underestimates GDP for developing countries, because in developing countries non-tradable goods tend to be a large fraction of GDP b.is not important, because GDP of developing countries is low anyway c.overestimates GDP for developing countries, because in developing countries non-tradable goods tend to be a large fraction of GDP d.underestimates GDP for developed countries like the US, and overestimates GDP for developing countries like India

Using Market Exchange Rates rather than PPP Exchange rates... a. underestimates GDP for developing countries, because in developing countries non-tradable goods tend to be a large fraction of GDP b.is not important, because GDP of developing countries is low anyway c.overestimates GDP for developing countries, because in developing countries non-tradable goods tend to be a large fraction of GDP d.underestimates GDP for developed countries like the US, and overestimates GDP for developing countries like India

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter23: Growth And Less Developed Countries

Section: Chapter Questions

Problem 1SQP

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