Ask Question
7 January, 20:26

If a nation has a GDP of 100 billion euros, a population of 10 million, and the exchange rate for the euro is 1.10 = 1$, what is the GDP per capita of this nation in U. S. dollars (rounded to the nearest dollar) ?

+4
Answers (1)
  1. 8 January, 00:02
    0
    If the nation has a GDP of 100 billion Euros and a population of 10 million people, its GDP per capita in Euros is $ 10,000 (100,000,000,000 / 10,000,000 = 10,000).

    Now, if said GDP per capita in US dollars were calculated, taking into account that the exchange rate is 1.10 dollars for every 1 euro, the GDP per capita in euros must be multiplied by the exchange rate, which gives us a result of a GDP per capita in dollars of $ 11,000 (10,000 x 1.10 = 11,000).

    Therefore, the GDP per capita of this nation in U. S dollars is of $11,000.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If a nation has a GDP of 100 billion euros, a population of 10 million, and the exchange rate for the euro is 1.10 = 1$, what is the GDP ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers