Question

* Cho the wate rede une55474/assignments/1213097 login Valenc... Mal cooper370. Microsoft Office Ho 11793 > Assignments > Quiz 19.3 Comparing GDP Among Countries Quiz 19.3 Comparing GDP Among Countries - 3 hours 1/4 Concert anzusion Question 3 Suppose the GDP of the entire European Union is 350.000 euros and the exchange rate between euros and USD is 0.66 EURO $1. What is the GDP of the European Union when measured in USD? Round your answer to the nearest hundredth Provide your answer below. E FEEDBACK e o A o . & 4 w DOLL H K L .

Answer 1

Given,

0.66 EURO= $1 -- [ Exchange rate ]

EURO = 1/0.66

GDP of the European Union when measured in USD

35000 Euro = (35,000)*(1/0.66 ) = $530,303.03

GDP of the European Union when measured in USD = $530,303.03