Unformatted text preview: Chinese yuan is 44% undervalued but is just a bit overvalued when adjusted for GDP per person. The GDP adjusted index is a better measure and it implies that undervaluation of yuan is not really present. 4. For which of the countries in the sample do you see a decrease in the overvaluation/undervaluation (negative value for GDP adjusted index – raw index)? Is this what you expected? Explain. Norway, Denmark, Sweden, Switzerland and Australia....
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This note was uploaded on 02/13/2012 for the course ECON 423 taught by Professor Vd during the Spring '08 term at UNC.
- Spring '08