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28 Sep 2019
Japanese GDP in 2010 was 480 trillion
yen (U.S. GDP, again, was $14.5 trillion). The exchange rate in 2010 was
87.8 yen per dollar. Contrary to China and India, however, Japan had a higher
prices than the United States: the price level in Japan (converted to dollars)
divided by the price level in the United States was 1.243 in 2010.
(a) What is the ratio of Japanese GDP to the U.S.
Japanese GDP in 2010 was 480 trillion
yen (U.S. GDP, again, was $14.5 trillion). The exchange rate in 2010 was
87.8 yen per dollar. Contrary to China and India, however, Japan had a higher
prices than the United States: the price level in Japan (converted to dollars)
divided by the price level in the United States was 1.243 in 2010.
(a) What is the ratio of Japanese GDP to the U.S.
Chika IlonahLv10
28 Sep 2019
