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When the currency of a country ( other than the U . S . ) is stronger in foreign exchange markets than its PPP exchange
When the currency of a country other than the US is stronger in foreign exchange markets than its PPP exchange rate meaning that its external purchasing power is greater than its internal purchasing power the US dollar value of the country's GDP per capita when measured by current exchange rates is Note: The PPP exchange rate is what the exchange rate should be if it were neither over nor undervalued in the foreign exchange markets. Group of answer choices the same as when measured by PPP exchange rates slightly the same as when measured by PPP exchange rates smaller than when measured by PPP exchange rates larger than when measured by PPP exchange rates
When the currency of a country other than the US is stronger in foreign exchange markets than its PPP exchange rate meaning that its external purchasing power is greater than its internal purchasing power the US dollar value of the country's GDP per capita when measured by current exchange rates is
Note: The PPP exchange rate is what the exchange rate should be if it were neither over nor undervalued in the foreign exchange markets.
Group of answer choices
the same as when measured by PPP exchange rates
slightly the same as when measured by PPP exchange rates
smaller than when measured by PPP exchange rates
larger than when measured by PPP exchange rates
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