According to the World Bank, China’s gross national income (GNI) in 2012 was $7,748.9 billion while its PPP-adjusted (or PPP-implied) GNI was $12,435.4 billion (World Bank, World Development Report, 2014). Based on these numbers, what was the real exchange rate of the Chinese currency?

Answer rating: 100% (QA)

To calculate the real exchange rate of the Chinese currency we need to use the form... View the full answer