Below is a table of exchange rates and GDPs (Gross Domestic Products) for a variety of...
Below is a table of exchange rates and GDPs (Gross Domestic Products) for a variety of imaginary countries. Using this information, please answer the two questions that follow. Please specify answers to two decimal places.
| Country | Name of domestic currency | GDP in billions of domestic currency | Domestic currency/U.S. dollars | GDP in billions of U.S. dollars |
|---|---|---|---|---|
| Potterland | Lightrocks | 587 | 22 | |
| Grangerland | Linx | 61 | 11 | |
| Weasley Island | Icesticks | 791 | 223 |
What is the GDP of Grangerland in billions of Lightrocks (the domestic currency of Potterland)?
What is the exchange rate for Icesticks to U.S. Dollars?
Homework Answers
Answer:
GDP of Grangerland
=GDP of Grangerland *(lightrock currency exchange rate/Grangerland currency exchange rate)
=61*(22/11)
=122.00 billions of lightrocks
exchange rate for Icesticks to US dollars
=791/223
=3.547 icestcks/US dollars
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