n a hypothetical country, Algoma, GDP in a given year in terms of Algoma's own dollars is $1,324 billion, the population is 41 million and Algoma's net international income to the rest of the world is -$56 billion. Each of Algoma's own dollars is worth US$1.48.

a. What is Algoma's per capita GDP?Round off your answer to the nearest whole number.

$

b. What is GNI in terms of Algoma's own dollars?

$billion

c. What is Algoma's GDP in terms of US dollars?Round off the answer to the nearest whole number.

$billion

d. If each of Algoma's dollars is worth US$1.25 after adjusting for purchasing power parity, then what is Algoma's GDP in PPP-adjusted US dollars?Round off the answer to the nearest whole number.

$billion

e. Does PPP adjustment raise or reduce the value of Algoma's GDP when compared with its GDP values in unadjusted US dollars?

(Click to select)

Higher

Lower