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1 pts Question 38 Jesse is considering buying a very expensive digital camera for her portrait photography business. The model of camera that she wants

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1 pts Question 38 Jesse is considering buying a very expensive digital camera for her portrait photography business. The model of camera that she wants is available in the U.S. at a US dollar price. A similar model can be purchased from a retailer in the Philippines priced using the local currency. Jesse has discovered that after accounting for the spot exchange rate, the camera from the Philippines would cost more, violating purchasing power parity or PPP. All of the following can explain why PPP MAY NOT hold in this situation except which one? trade barriers O US per capita GDP is higher than Philippine per capita GDP shipping costs real or perceived differences in quality

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