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10. In 2017, China's economy was larger than the United States' economy. After we apply the correct exchange rates we get the following: China GDP
10. In 2017, China's economy was larger than the United States' economy. After we apply the correct exchange rates we get the following: China GDP = $11.1 trillion U.S. GDP = $17.7 trillion Why does it seem like China's GDP is still smaller than the GDP of the United States? a) The exchange rate was wrong. b) The initial measure of GDP was wrong in China c) The initial measure of GDP was wrong in the United States. d) We need to measure China's GDP in U.S. prices
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