Business, 15.04.2021 18:50 toot8255

Japanese GDP in 2010 was 480 trillion yen. US GDP was $14.5 trillion. The exchange rate in 2010 was 87.8 yen per dollar. Japan had higher prices than the US: the price level in Japan (converted to dollars) divided by the price level in the US was 1.243 in 2010. What is the ratio of Japanese GDP to US GDP if we take into account the differences in relative prices

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Japanese GDP in 2010 was 480 trillion yen. US GDP was $14.5 trillion. The exchange rate in 2010 was...

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