The exchange rate in Sri Lanka is $1 = 120 Sri Lankan Rupees (SLR). The price of the average identical good that can be found in the US and Sri Lanka...
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The exchange rate in Sri Lanka is $1 = 120 Sri Lankan Rupees (SLR). The price of the average identical good that

can be found in the US and Sri Lanka are $5 and 400 Sri Lankan Rupees (SLR). Convert Sri Lanka's GDP of $81 billion measured using the exchange rate method to that using the PPP method. Why is this measure useful in understanding development?

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