1. If the Chinese yuan is undervalued by 44 per cent in PPP terms against the US...
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1. If the Chinese yuan is undervalued by 44 per cent in PPP terms against the US dollar, and the Swiss franc overvalued by 25 per cent, what implications does this have for the interpretation of Chinese, Swiss and US GDP statistics?
2. Why do developing countries’ currencies tend to be undervalued relative to those of developed countries?
3. At the time the table was complied, the Big Mac PPP rate for the Norwegian krone was $1 = kr9.68. What was the market exchange rate?
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1 The GDP figures understate the purchasing value of Chinese national income by 44 per cent relative ...View the full answer
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Somshukla Chakraborty
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