Search results
A country which we can call Country S, has a total population of 20,000 people. Out of the population, 5,000 are non-indigenes while the remaining are indigenes. The country also has 2,000 citizens who are resident in different countries. The money value of the total output produced are as follows: Indigene living in the Country S 220,000
Jul 17, 2023 · Say that the task is to compare Brazil’s GDP in 2020 of 7.4 trillion reals with the U.S. GDP of $20.9 trillion for the same year. Step 1. Determine the exchange rate for the specified year. In 2020, the exchange rate was 2.362 reals = $1. (These numbers are realistic, but rounded off to simplify the calculations.) Step 2.
Mar 21, 2023 · Say that the task is to compare Brazil’s GDP in 2013 of 4.8 trillion reals with the U.S. GDP of $16.6 trillion for the same year. Step 1. Determine the exchange rate for the specified year. In 2013, the exchange rate was 2.230 reals = $1. (These numbers are realistic, but rounded off to simplify the calculations.) Step 2.
Say that the task is to compare Brazil’s GDP in 2013 of 4.8 trillion reals with the U.S. GDP of $16.6 trillion for the same year. Step 1. Determine the exchange rate for the specified year. In 2013, the exchange rate was 2.230 reals = $1. (These numbers are realistic, but rounded off to simplify the calculations.)
When comparing the GDP of different nations for this purpose, two issues immediately arise. First, we measure a country's GDP in its own currency: the United States uses the U.S. dollar; Canada, the Canadian dollar; most countries of Western Europe, the euro; Japan, the yen; Mexico, the peso; and so on.
Sep 21, 2023 · Say that the task is to compare Brazil's GDP in 2020 of 7.4 trillion reals with the U.S. GDP of $20.9 trillion for the same year. Step 1. Determine the exchange rate for the specified year. In 2020, the exchange rate was 2.362 reals = $1. (These numbers are realistic but rounded off to simplify the calculations.) Step 2.
People also ask
How do you compare a country's GDP?
How do we compare different countries' GDPs?
How do cross-country comparisons of GDP per capita work?
How is GDP measured in different countries?
What types of exchange rates can be used to compare GDPs?
Which currency is used to measure a country's GDP?
Study with Quizlet and memorize flashcards containing terms like Income per capita and GDP per capita equal what?, What two ways can we make gdp/income comparisons between two different countries?, How do you use the exchange-rate-based measure? and more.
