Consider the data in Table 2.4.The value of Eurozone nominal GDP in U.S.dollars is:
A)$9,797 billion.
B)$9,304 billion.
C)$10,886 billion.
D)$7,536 billion.
E)$6,441 billion.

Question

Quizplus · Accepted Answer

To calculate the Eurozone nominal GDP in U.S. dollars, we need to take the product of Eurozone nominal GDP and the exchange rate (Euro/U.S. dollar) given for the corresponding year.

For 2015, the exchange rate given is 1.09. Therefore,

Eurozone nominal GDP in U.S. dollars = 10,017 billion euros x 1.09

Eurozone nominal GDP in U.S. dollars = 10,886 billion dollars

Hence, the correct option is C, i.e., $10,886 billion.

Consider the Data in Table 2