6) Supposed Thailand GNI per capita for last year was 171,000 baht. If the current exchange rate is 30 baht -$1. a) What is the dollar equivalent of Thailand per capita b) Suppose Big Mac price in the US is $5 and Big Mac in Thailand is 60 baht, what is the per capita in $ using Purchasing Power Parity (PPP). c) When using PPP, is Thailand baht overvalued or undervalued, and by how much? (show calculation).

6) Supposed Thailand GNI per capita for last year was 171,000 baht. If the current exchange rate is 30 baht -$1. a) What is the dollar equivalent of Thailand per capita b) Suppose Big Mac price in the US is $5 and Big Mac in Thailand is 60 baht, what is the per capita in $ using Purchasing Power Parity (PPP). c) When using PPP, is Thailand baht overvalued or undervalued, and by how much? (show calculation).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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