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A bundle of goods in Japan casts 2,050,000 while the same goods and services cost $27,500 in the United States. If purchasing power parity holds
A bundle of goods in Japan casts 2,050,000 while the same goods and services cost $27,500 in the United States. If purchasing power parity holds what is the current exchange rate of U.S. dollars for yen? (Round your answer to 4 decimal places. (e.g., 32.1616)) If, over the next year, inflation is 9 percent in Japan and 4 percent in the United States, what will the goods cost next year? Will the dollar depreciate or appreciate relative to the yen over his time period
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