1. (20 pts) A recent World Bank Annual report estimates that 30 percent of Haitians are...

 

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1. (20 pts) A recent World Bank Annual report estimates that 30 percent of Haitians are in severe poverty, earning less than $2 a day at the markeat exchange rate, given than the average wage was 120 gourdes per day. Please answer the following questions: A. Given that the market exchange rate was 60 gourdes per dollar, and the purchasing power parity rate was 20 gourdes per dollar, what would be the equivalent value in dollars in terms of purchasing power? B. Similarly, the World Bank reports an average GDP per capita per year of $1,000 at the market exchange rate. What would be the equivalent value in dollars in terms of purchasing power in Haiti? C. Remittances from the Haitian Diaspora working abroad were estimated to be $500 per year per capita. What would the total purchasing power of disposable income per capita be, in dollars including remittances? D. What factors might explain the low level of income in Haiti today? Feel free to elaborate upon your answer on an additional page.. 2 1. (20 pts) A recent World Bank Annual report estimates that 30 percent of Haitians are in severe poverty, earning less than $2 a day at the markeat exchange rate, given than the average wage was 120 gourdes per day. Please answer the following questions: A. Given that the market exchange rate was 60 gourdes per dollar, and the purchasing power parity rate was 20 gourdes per dollar, what would be the equivalent value in dollars in terms of purchasing power? B. Similarly, the World Bank reports an average GDP per capita per year of $1,000 at the market exchange rate. What would be the equivalent value in dollars in terms of purchasing power in Haiti? C. Remittances from the Haitian Diaspora working abroad were estimated to be $500 per year per capita. What would the total purchasing power of disposable income per capita be, in dollars including remittances? D. What factors might explain the low level of income in Haiti today? Feel free to elaborate upon your answer on an additional page.. 2

Answer rating: 100% (QA)

20 points A Equivalency in terms of purchasing power The market exchange rate is 60 gourdes per dollar and the purchasing power parity rate is 20 gour... View the full answer