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, China’s 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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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
