01 May Use the IMF’s World Economic Outlook Database (the most recent version) to choose any developing …
Use the IMF’s World Economic Outlook Database (the most recent version) to choose any developing country. State the country, and how you determined that is developing (you must be specific, and ensure you are defining developing the same way the World Bank does). The IMF’s World Economic Outlook Database can be found on the IMF’s website – www.imf.org.
Show the implied national currency units per U.S. dollar (for both the actual exchange rate and the PPP exchange rate – the PPP exchange rate shows the number of currency units that will buy 1 dollar’s worth of goods in that country). You should calculate this from per capita GDP in national currency, in U.S. $, and in U.S. $ on a PPP basis (you must show your calculations). State each of these as the number of national currency units per U.S. $ (e.g. implied actual exchange rate is 35 Thailand Baht per U.S. $). (Hint: If per capita income in Haiti is 31,000 Haiti Gourdes and it is $800 in U.S. dollars, this implies the national currency units per dollar are: 38.75 HTG per $)
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