Question: Suppose that the current exchange rate between the Chinese yuan and the U.S. dollar is 10 yuan = $1. Suppose that you can buy more

Suppose that the current exchange rate between the Chinese yuan and the U.S. dollar is 10 yuan = $1. Suppose that you can buy more goods and services in China with 1,000 yuan than you can in the United States with $100.Will China’s GDP in dollars be greater if the current exchange rate is used to convert yuan to dollars or if the PPP exchange rate it used? Briefly explain.

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