A British-made automobile is priced at $20,000 (20,000 British pounds). A comparable U.S.-made car costs $26,200. One pound trades for $1.50 in the foreign exchange market. Find the real exchange rate from the perspective of the United States and from the perspective of Great Britain. Which country's cars are more competitively priced? Instructions: Enter your responses rounded to three decimal places. Real exchange rate from the U.S perspective: 1.97 Real exchange rate from the British perspective: 3 Cars are more competitively priced in |the United States