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Author Question: The income per capita in Baltonia is 64,163 in Baltonian currency. If the price of a basket of goods ... (Read 82 times)

savannahhooper

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on: Jun 30, 2018
The income per capita in Baltonia is 64,163 in Baltonian currency. If the price of a basket of goods worth 1 in the U.S. is 5.50 units of Baltonian currency, Baltonia's income per capita in purchasing power parity is:
 
  A) 11,666. B) 10,257.48. C) 2,832. D) 15,624.50.
 
  The price of a given basket of goods in Country 1 is 10 karls. The price of the same basket of goods in Country 2 is 25 ritz and 2 in the U.S. Country 1 has a income per capita of 3,200 karls and Country 2 has a income per capita of 5,500 ritz.

Question 2

If there was a positive technological shock which increased the demand for labor, then
 
  A) imports would increase. B) GDP would decrease.
  C) GDP would increase. D) imports would decrease.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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6ana001

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


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savannahhooper

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Reply #2 on: Jun 30, 2018
Correct answers!


6ana001

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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