GDP Comparisons across countries Japan's GDP in 2012 was 500 trillion yen. In the same year US GDP was 16.2 trillion dollars. The exchange rate was 80 yen per dollar. In addition, the price level in US divided by the price level in the Japan was 1.307, that is, prices were 30.7% higher in Us than in the Japan. 1 point What is Japan's GDP in USD at local prices i.e. if we ignore the differences in prices between the two countries and simply use the exchange rate to make the conversion? 6.25 trillion USD 16.2 trillion USD 500 trillion USD 1,307 trillion USD Other: What is the ratio of Japan's GDP to US's GDP if we do not take into account 1 point the differences in prices across the two countries and simply use the exchange rate to make the conversion? Around 0.25 Around 0.39 Around 0.85 Around 0.99 Other: What is Japan's GDP in USD at US prices i.e. at PPP? 1 point 2.25 trillion international dollars O 4.49 trillion international dollars 08.168 trillion international dollars 32.1 trillion international dollars Other: 1 point What is the ratio of Japan's GDP to US's GDP in common US prices (i.e. at PPP)? Around 0.14 Around 0.28 Around 0.51 Around 0.95 Other