Question

India has 3 GDP of 23,000 billion Indian rupees, and a population of 1.1 billion. Theexchange rate is 50 rupees per US. dollar. Calculate GDP per capita of India asmeasured in US. dollars.a. $418

Answer 1

Indian rupee in US dollars = $418

Step-by-step explanation:

given data

India GDP = 23,000 billion

exchange rate = 50 rupees per US

population = 1.1 billion

solution

we get here GDP per capita as

GDP per capita = India GDP ÷ population

GDP per capita =
`(23000)/(1.1)`

GDP per capita = 20909 rupees

so here we Convert Indian rupee in US dollars that is with exchange rate

Indian rupee in US dollars = GDP per capita ÷ exchange rate

Indian rupee in US dollars =
`(20909)/(50)`

Indian rupee in US dollars = $418