GDP for Wakanda was $156 billion. • Firms owned 100% by foreigners earned $3 billion in Wakanda. • Firms owned 100% by Wakandan's earned $4.5 billion in foreign countries. Based on this information, what is Wakandan GNP (a.k.a. GNI) in billions of dollars? Important: Round to two decimal places and do not enter the currency symbol. If GNP is $1,125,000,000 (e., 1.125 billion dollars), enter 1.13. 157.5
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- An imaginary country, Imaginaria, reports a nominal GDP of $279.6B in 2016. The population that year was 55 million. The country paid $36.4B in net international income to the rest of the world in 2016. Finally, Imaginaria’s dollar was worth $1.22 USD in the same year. What was the country’s GNI in 2016 (in it’s own dollars)? What was the country’s GNI in USD?Binsula, Rinsula and Tinsula are three small islands. The only final goods produced are books (B), jeans (J) and wine (W), and suppose each island has its own currency (denote PB the peso of Binsula, PR the peso of Rinsula and PT the peso of Tinsula). Next table contains the quantities and prices of the commodities produced in each island in 2014 (all measured in local currency). B J W Price B Price J Price W 1,000 20 200 5 25 0.5 80 300 5,000 10 60 2 300 300 3,000 1 4 0.1 a) Compute GDP of each island in local currency. b) Suppose the exchange rate of each currency relative to the dollar is (PB/$)=0.8, (PR/$)=2.88 and (PT/$)=0.15 and compute the value of GDP in each island, all expressed in dollars. c) Compute the relative prices of books and jeans in terms of wine in each island. d) Obtain a measure of GDP in each island expressed in units of wine.What is the value of year 2's output in real dollars?
- 4. Before 12th August 2005, the US Dollar (USD) was trading at 8.20 Renminbi yuan per dollar (RMB, China’s official currency) in the financial market of China. After that date, the USD was trading at only 7.50 RMB yuan per dollar in China. (1) If you received $100 US dollars from your friend in New York in July 2005, hold it for half a year and finally exchange it for RMB in Chengdu in late January 2006, how much value in RMB would you lose? (2) What is the percentage change in the US Dollar’s value?Suppose the GDP of Honduras is 100,000 lempiras and the exchange rate between Honduran currency lempiras and USD is 20 lempira=$1. What is the GDP of Honduras when measured in USD?In a hypothetical world, between last year and this year, the CPI in Mexico rose from 100 to 115 and the CPI in China rose from 90 to 105. Mexico's currency unit, the Peso(MXN), was worth 8.85(MXN) per Canadian dollar last year and is worth 8.8(MXN) per Canadian dollar this year. China's currency unit, the Yuan(CNY), was worth 6.77(CNY) per Canadian dollar last year and is worth 6.64(CNY) per Canadian dollar this year. a) Find the percentage change from last year to this year in Mexico's nominal exchange rate with China (measured as # of Pesos/1 China Yuan). NOTE: Please keep as much precision as possible throughout your calculations and round off your final answer to two decimal places. Percentage change = 0% b) Find the percentage change from last year to this year in Mexico's real exchange rate with China. Again, assume that we are measuring the nominal exchange rate portion as the # of Pesos/1 China Yuan. NOTE: Please keep as much precision as possible throughout your calculations…
- Consider the following information about the country Westeros and the country Essos. The currency shared by Westeros and Essos is named the Gold Dragon (GD) and each country's GDP is quoted for the same year. Westeros has a nominal GDP of 10,000 GD. Esso has a nominal GDP of 20,000 GD. Can I conclude that the standard of living in Westeros is lower than the standard of living in Essos? Why or why not?In Brazil, a country that underwent a rapid inflationbefore 1994, many transactions were conducted in dollars rather than in reals, the domestic currency. Why?What is the value of year 4's output in nominal dollars?
- Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral transfers -8,349 Capital account -63 Net acquisition of financial assets 20,972 Net incurrence of liabilities 54,471 Financial derivatives 0 Statistical discrepancy Based on the table above, the statistical discrepancy isCurrent Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral transfers -8,349 Capital account -63 Net acquisition of financial assets 20,972 Net incurrence of liabilities 54,471 Financial derivatives 0 Statistical discrepancy Based on the table above, the statistical discrepancy is Group of answer choices -21.,609 21,546 21,609 -21,546Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral transfers -8,349 Capital account -63 Net acquisition of financial assets 20,972 Net incurrence of liabilities 54,471 Financial derivatives 0 Statistical discrepancy Based on the table above, the country is running a ____ ____ Group of answer choices current account; surplus financial account; surplus positive; trade balance financial account; deficit