Question
According to the World Bank, Chinas gross national income (GNI) in 2012 was $7,748.9 billion while its PPP-adjusted (or PPP-implied) GNI was $12,435.4 billion (World
According to the World Bank, Chinas gross national income (GNI) in 2012 was $7,748.9 billion while its PPP-adjusted (or PPP-implied) GNI was $12,435.4 billion (World Bank, World Development Report, 2014). Based on these numbers, what was the real exchange rate of the Chinese currency?
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Valuation Measuring and managing the values of companies
Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel
5th edition
978-0470424650, 9780470889930, 470424656, 470889934, 978-047042470
