Question
Assume the real GDP of Brazil in 2020 was R 6 billion (Real). If the exchange rate was 1 Real = $0.25, calculate the real
Assume the real GDP of Brazil in 2020 was R 6 billion (Real).
If the exchange rate was 1 Real = $0.25, calculate the real GDP of Brazil in US dollars in 2020.
Group of answer choices
$1.5 billion
$24 billion
$4 billion
$2.4 billion
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
