Question
The average price of the same basket of goods is 6.05 Khors (Kh) in the Kingdom of Syldavia and 3.63 Dinars (D) in the Republic
The average price of the same basket of goods is 6.05 Khors (Kh) in the Kingdom of Syldavia and 3.63 Dinars (D) in the Republic of Borduria. The official Khor-Dinar exchange rate is Kh1.12 = D1, orD0.89 = Kh1. The per-capita income for Syldavia in current Khors is Kh73,500, and for Borduria in current Dinars is D23,794.
What is the per-capita income of Borduria in PPP-adjusted Khors?
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Macroeconomics
Authors: Charles I. Jones
1st Edition
978-0393926385, 0393926389
