The Atlas conversion factor is the arithmetic average of the current exchange rate and the exchange rates in the two previous years. Incomes measured by the Atlas conversion factor are generally more stable over time and changes in income rankings are more likely to be due to relative economic performance than fluctuations in the exchange rate.
Answer the following statement true (T) or false (F)
False
The Atlas conversion factor is the arithmetic average of the current exchange rate and the exchange rates in the two previous years, adjusted by the ratio of domestic inflation to the combined inflation rates of the euro zone, Japan, the United Kingdom, and the United States. Incomes measured by the Atlas conversion factor are generally more stable over time and changes in income rankings are more likely to be due to relative economic performance than fluctuations in the exchange rate.
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