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Ainat [17]
2 years ago
6

Country A has a GDP of $4,600 in Country A dollars, and Country B has a GDP of $2,400 in Country B dollars. If the exchange rate

is 1.5 Country B dollars to 1 Country A dollar, what is Country B's GDP in Country A dollars
Business
1 answer:
sergejj [24]2 years ago
3 0

Answer: Country A $1,600

Explanation:

Country A's currency is stronger than Country B's which is why Country B needs more of its currency to buy a single unit of Currency A.

You can use direct proportion to find out Country B's GDP in Country A dollars

Country B currency to Country A

1.5       :   1

2,400 :   x

1.5x = 2,400

x = 2,400 / 1.5

= Country A $1,600

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