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37 (1 point) 27 Scenario: Purchasing Power Parity A car costs $60,000 in Canada, and the exchange rate is $1 0.50. The same car costs
37 (1 point) 27 Scenario: Purchasing Power Parity A car costs $60,000 in Canada, and the exchange rate is $1 0.50. The same car costs 24.000 in Britain. For there to be purchasing power parity, the nominal exchange rate must be: 30 > 33 3 32 35 $1=2. $1=1.25. $1= 1. 36 38 $10.40
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Forecasting for Economics and Business
Authors: Gloria Gonzalez Rivera
1st edition
131474936, 978-1315510415, 1315510413, 978-0131474932
