Business, 12.03.2020 00:58 igtguith

Indian GDP in 2014 was 119 trillion rupees, while U. S. GDP was $16.5 trillion. The exchange rate in 2014 was 61.0 rupees per dollar. India turns out to have lower prices than the United States (this is true more generally for poor countries): the price level in India (converted to dollars) divided by the price level in the UNited States was 0.280 in 2014.

a) What is the ratio of Indian GDP to U. S. GDP if we don't take into account the differences in relative prices and simply use the exchange rate to make the conversion?

b) What is the ratio of ral GDP in India to real GDP in the United States in common prices?

c) Why are these two numbers different?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 06:00

For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.rahal's accounts receivable at december 31, 2018, are:

Answers: 2

Answer

Business, 22.06.2019 16:00

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?

Answers: 3

Answer

Business, 22.06.2019 18:00

Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less

Answers: 1

Answer

Business, 22.06.2019 19:30

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to:

Answers: 1

Answer

You know the right answer?

Indian GDP in 2014 was 119 trillion rupees, while U. S. GDP was $16.5 trillion. The exchange rate in...

Questions

Business, 21.08.2020 05:01

Writing Activity Imagine every senior at THS has a car and they have theability to drive to school. There are a limited number ofparking...