How large is the economy of Japan? Japanese GDP in 2010 was 480 trillion yen (U.S. GDP, again, was $14.5 trillion). The exchange rate in 2010 was 87.8 yen per dollar. Contrary to China and India, however, Japan had higher prices than the United States: the price level in Japan (converted to dollars) divided by the price level in the United States was 1.243 in 2010.

What is the ratio of real GDP in Japan to real GDP in the United States in common prices?

Question

How large is the economy of Japan? Japanese GDP in 2010 was 480 trillion yen (U.S. GDP, again, was $14.5 trillion). The exchange rate in 2010 was 87.8 yen per dollar. Contrary to China and India, however, Japan had higher prices than the United States: the price level in Japan (converted to dollars) divided by the price level in the United States was 1.243 in 2010.

What is the ratio of real GDP in Japan to real GDP in the United States in common prices?

study.geek.123 · Answer

The economy of Japan is the third-largest in the world by nominal GDP and the fourth-largest by purchasing power parity (PPP). Source: http://www.imf.org/external/pubs/ft/weo/2016/01/weodata/weorept.aspx?pr.x=51&pr.y=3&sy=2016&ey=2020&scsm=1&ssd=1&sort=country&ds=.&br=1&c=158&s=NGDPD%2CNGDPDPC%2CPPPGDP%2CPPPPC&grp=0&a=