Question

If the income per capita in United Kingdom is pound​23,800 and the dollar per pound exchange rate is 1.68 in​ 2014, then income per capita in the United Kingdom in U.S. dollars in the same year is​ ________. A. ​$30,400 B. ​$22,829 C. ​$12,812 D. ​$39,984

Answer 1

D. ​$39,984

Step-by-step explanation:

Data provided as per the question below:-

Income per capita in United Kingdom= 23,800

Exchange rate = 1.68

The computation of income per capita in U.S. dollars is shown below:-

Income per capita in U.S. dollars = Income per capita × Exchange rate

= 23,800 × $1.68

= $39,984

Therefore for computing the Income per capita in U.S. dollars we simply multiply the Income per capita with Exchange rate.