SmartExpert

(118)

$30/per page/Negotiable

About SmartExpert

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Business & Finance See all
Accounting,Business & Finance,Economics,English,HR Management,Math Hide all
Teaching Since: Apr 2017
Last Sign in: 61 Weeks Ago
Questions Answered: 7570
Tutorials Posted: 7352

Education

  • BS,MBA, PHD
    Adelphi University/Devry
    Apr-2000 - Mar-2005

Experience

  • HOD ,Professor
    Adelphi University
    Sep-2007 - Apr-2017

Category > Accounting Posted 29 Jul 2017 My Price 3.00

How large is the economy of Japan

How large is the economy of Japan? 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 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 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 real GDP in Japan to real GDP in the United States in common prices?

 

c) Why are these two numbers so different?

Answers

SmartExpert
(118)
Status NEW Posted 29 Jul 2017 12:07 PM My Price 3.00

Ans-----------wer-----------: -----------  ----------- A)----------- ra-----------tio----------- of----------- Ja-----------pan-----------ese----------- GD-----------P t-----------o U-----------.S.----------- GD-----------P =----------- 48-----------0 t-----------ril-----------lio-----------n y-----------en -----------/ 1-----------4.5----------- tr-----------ill-----------ion----------- $ ----------- = -----------480----------- tr-----------ill-----------ion----------- ye-----------n /----------- 14-----------.5*-----------87.-----------8 t-----------ril-----------lio-----------n $----------- = -----------0.3-----------77 ----------- B)----------- ra-----------tio----------- of-----------

Not Rated(0)