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thanks in advamce will thumbs up! A given basket of commodities (like 1 pound sugar, wheat, veggies, and cloths etc) costs 1,700 Indian Rupees (INR)
thanks in advamce will thumbs up!
A given basket of commodities (like 1 pound sugar, wheat, veggies, and cloths etc) costs 1,700 Indian Rupees (INR) in India and the same basket costs $100 in the US. The market exchange rate is 50 INRs per $1. On the basis of the above information and your answer in the previous question, what is the Indian PPP-based GDP in US dollars? a) $34 b) $170 c) $2 d) $5 Step by Step Solution
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