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Swedish GDP in 201/ was 440 billion kronor (U.S. GDP was $17./ trilliion). The exchange rate in 2017 was 8.5 kronor per dollar. Contrary to

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Swedish GDP in 201/ was 440 billion kronor (U.S. GDP was $17./ trilliion). The exchange rate in 2017 was 8.5 kronor per dollar. Contrary to China and India, however, Sweden had higher prices that the United States: the price level in Sweden (converted to dollars) divided by the price level in the United States was 1.11 in 2017. (a) What is the ratio of Swedish GDP to U.S. GDP if we don't take into account the differences in relative prices and simply use the exchange rate to make the conversion? (b) What is the ratio of real GDP in Sweden to real GDP in the United States in common prices? (c) Why are these two numbers different

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