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4. Analyze the data from China, Japan, Switzerland, Indonesia, Ukraine, and Taiwan (6 countries), and fill in the table as follow showing overvalued and undervalued

4. Analyze the data from China, Japan, Switzerland, Indonesia, Ukraine, and Taiwan (6 countries), and fill
in the table as follow showing overvalued and undervalued currencies. (10%) Write a conclusion stating
why PPP doesn't hold true according to the actual data. (10%)

Country Local Implied PPP Actual dollar Under/over valuation price of the dollar exchange rate against the dollar United States 5 1 1 0% China 20 6.8 Indonesia 30000 14000 Switzerland 6.5 0.9 Ukraine 54 28 Taiwan 69 30

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