Question 10Consider the following table which shows a hypothetical case of India and the US. Both countries produce only wheat and haircuts. Indian prices are in Rupees (Rs). US prices are indollars ($). Exchange rate between the US $ and Indian Rs is: $1 - Rs 50.What is the official/market based value of per capita GDP of India in dollars?Per CapitaOutput ofWheatHaircutsUnits Indian UnitsUS PriceProduced Price per produced per unitIn India unit (Rs) in the US ($)1004001001004001010010O $1400Ⓒ $280O $14000O None of the above or not enough information.Question 11Consider the question above. What is the PPP adjusted per capita GDP of India in US dollars?O $1400O $280O $14000O None of the above or not enough information.

An exchange rate is the value of one country's currency compared to another country's currency. It…

Question 10 Consider the following table which shows a hypothetical case of India and the US. Both countries produce only wheat and haircuts. Indian prices are in Rupees (Rs). US prices are in dollars ($). Exchange rate between the US $ and Indian Rs is: $1 = Rs 50. What is the official/market based value of per capita GDP of India in dollars? Per Capita Output of Wheat Haircuts US Price produced per unit in the US ($) 400 100 100 10 Question 11 Units Indian Units Produced Price per unit (Rs) 100 In India 100 400 10 O $1400 Ⓒ $280 O $14000 O None of the above or not enough information. Consider the question above. What is the PPP adjusted per capita GDP of India in US dollars? O $1400 O $280 O $14000 O None of the above or not enough information.

Question 10 Consider the following table which shows a hypothetical case of India and the US. Both countries produce only wheat and haircuts. Indian prices are in Rupees (Rs). US prices are in dollars ($). Exchange rate between the US $ and Indian Rs is: $1 = Rs 50. What is the official/market based value of per capita GDP of India in dollars? Per Capita Output of Wheat Haircuts US Price produced per unit in the US ($) 400 100 100 10 Question 11 Units Indian Units Produced Price per unit (Rs) 100 In India 100 400 10 O $1400 Ⓒ $280 O $14000 O None of the above or not enough information. Consider the question above. What is the PPP adjusted per capita GDP of India in US dollars? O $1400 O $280 O $14000 O None of the above or not enough information.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 43P: In 2001, the United Kingdoms economy exported goods worth 192 billion and services worth another 77...

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