Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Chapter 13, Problem 3RQ
To determine
The meaning of
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So I don't need to fill out anything for net exports?
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- Ethiopia's GDP is 300 billion birrs and its population is 60 million. The exchange rate with the U.S. dollar is $1 = 40 birrs. Find GDP per capita in U.S. dol your answer to the nearest dollar. Answer $ Kearrow_forwardWhat is purchase power parity? Do you know any informal measure of PPP, explain how and what it measures?arrow_forwardWhat is the real exchange rate, and how are fluctuations in the real exchange rate related to deviations from absolute PPP?arrow_forward
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